Question

Directions: One statement is followed by two conclusions I and II. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the following conclusions can definitely be drawn from the given statements and indicate your answer accordingly.

Statements:

On November 8, 2016, our Prime minister Mr. Narendra Modi in a surprise announced, said that the existing higher demonetization currency (Rs 500 and 1000) will cease to be legal tenders.

Conclusions:

I) Demonetization was a good decision for collecting black money from another country.

II) All black money returned in the bank.

1. Only conclusion (I) follows
2. Only conclusion (II) follows
3. Both conclusion (I) and (II) follows
4. Either conclusion (I) or (II) follows
5. Neither conclusion (I) nor (II) follows

Answer 1

Correct Answer - Option 5 : Neither conclusion (I) nor (II) follows

The statement is talking about the demonetization of currency Rs. 500 and 1000.

Conclusion I talk about the decision of demonetization was good for collection black money but in a statement, there is not mentioned anything about black money and decision of govt. so this conclusion will be false.

Conclusion II talk about black money but in a statement, no information is given about black money so this conclusion will be false.

Hence, Neither conclusion (I) nor (II) follows.