Question

Statement:Should all the foreign banks be asked to close down their operations in India?

Arguments:

I. No, this will have an adverse effect on Indian economy.

II. Yes, this is the only way to make the Indian banks survive and prosper.

• A. If only argument I is strong
• B. If only argument II is strong
• C. If either I or II is strong
• D. If neither I nor II is strong
• E. If both I and II are strong

Answer 1

The correct option is D

If neither I nor II is strong

Clearly, India has its own nationalized banks to take care of the financial business. So, argument I is vague. Moreover, Indian banks can survive well with the foreign banks also by providing better facilities and services to their clients. So, argument II also does not hold strong. Thus, none of the arguments holds strong.