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

    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?
    A if only argument I is strong Correct Answer Incorrect Answer
    B if only argument II is strongs Correct Answer Incorrect Answer
    C if either argument I or II is strong Correct Answer Incorrect Answer
    D if neither argument I nor II is strong Correct Answer Incorrect Answer
    E if both arguments I and II are strong Correct Answer Incorrect Answer

    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.

    Practice Next