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    Question

    Direction (42-43): In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. 1) Only conclusion I follows 2) Only conclusion II follows 3) Either I or II follows 4) Neither I nor II follows 5) Both I and II follows

    Statement: Some provisions of The Financial Resolution

    and Deposit Insurance Bill, 2017, popularly referred to as the FRDI Bill, which was tabled in Parliament this August, have given rise to concerns over protection for bank deposits in the proposed law. Conclusions: 1) The Financial Resolution and Deposit Insurance Bill will protect the interest of depositors. 2) There is concern about how the depositors of a bank with a critical risk factor will be repaired.
    A 1 Correct Answer Incorrect Answer
    B 2 Correct Answer Incorrect Answer
    C 3 Correct Answer Incorrect Answer
    D 4 Correct Answer Incorrect Answer
    E 5 Correct Answer Incorrect Answer

    Solution

    Solution: It is mention in the statement that it has given rise to concerns so statement I is not implicit as it is taking about protecting the interest of depositors which will lead to no concerns so statement II is implicit because it is taking about concern about the depositors with a critical risk factor.

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