Question
Statement- “Just like your mobile number, you could
soon move your account from one bank to another without having to change the account number” RBI deputy governor M.D. Patra Argument I For unhappy banking customers, this could be a relief as it will save them the trouble of going through the process of opening a new bank account each time they want to switch banks. Argument II The KYC and the due diligence is done vary between banks and may not be accepted uniformly. Which of the following argument is strong?Solution
I-Argument I is strong because it will be beneficial for the banking customer. II-Argument II is not strong because the formalities and verifications done by banks do not differ from each other. Thus, the correct answer is option 1.
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