Question
A statement is given followed by two conclusions
numbered I & II. Assuming the statement to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements. Statements: Every year, lakhs of people are rendered homeless due to the floods in Chennai. Conclusions: I. Chennai receives very heavy rainfall every year in monsoon season. II. Chennai experiences shortage of dams and barrages.Solution
Conclusion I is valid because the statement mentions that every year, floods in Chennai result in a large number of people becoming homeless. Since heavy rainfall is the primary cause of floods, this conclusion is logical. Â However, Conclusion II is incorrect, as it is not referenced anywhere in the given statement. A state can have an adequate number of dams and barrages yet still face flooding. Â Hence, the correct answer is (A).
According to the IFSCA Regulations 2024, the Board may establish sub-committees. What is the main purpose of these sub-committees?
In which year the GIFT City was notified as SEZ (special Economic Zone)?
What is the minimum net worth of PFRDA for pension fund managers?
Under which section of the Companies Act 2013 NFRA is constituted?Â
Which of the following are the recent reforms taken by the Government?
I- Improved fiscal transparency and realistic revenue assumptions in the B...
Eligible participants/issuers for Commercial Paper shall obtain credit rating for issuance of CP from any one of the SEBI registered CRAs. The minimum c...
What percentage of India’s Public-Private Partnership (PPP) projects has IIFCL participated in, as per the Annual Report of IIFCL 2023-24?
...Banks are required to use External Benchmark lending rate for which of the following types of the loans:
Trade credit is a source of:
 In the context of cost accounting, overheads refer to indirect costs that are allocated to cost units or cost centres. The process of absorbing overhe...