New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    In each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.  Give answer

    The Securities and Exchange Board of India, which was

    tasked by the Supreme Court to oversee the actual transfer of money from the builder Group to investors, is clueless about where to find those investors.  I. The Supreme Court is responsible for always assigning tasks to the Securities and Exchange Board of India. II. Builder groups fake transfer of money to investors.
    A If only assumption I is implicit Correct Answer Incorrect Answer
    B If only assumption II is implicit Correct Answer Incorrect Answer
    C If either I or II is implicit Correct Answer Incorrect Answer
    D If neither I nor II is implicit Correct Answer Incorrect Answer
    E If both I and II are implicit. Correct Answer Incorrect Answer

    Solution

    The Supreme Court may assign tasks but it is not the responsibility of the Court to always assign tasks to the Securities and Exchange Board of India. Thus, I is not implicit. Nothing about builder groups faking money transfers is being mentioned. Thus, II is not implicit.

    Practice Next