A statement is given followed by two conclusions, considering the statement to be true, take the conclusions together and decide which of them logically follow the given statement. Statement: Although we have rating agencies like CRISIL, ICRA there is a demand to have a separate rating agency for IT companies to protect investors. Conclusion (I): Assessment of financial work of IT companies calls for a separate set of skills, insight and competencies. Conclusion (II): Now the investors investing in IT companies will get the protection of their investment.
A statement is given followed by two conclusions, considering the statement to be true, take the conclusions together and decide which of them logically follow the given statement. Statement: Although we have rating agencies like CRISIL, ICRA there is a demand to have a separate rating agency for IT companies to protect investors. Conclusion (I): Assessment of financial work of IT companies calls for a separate set of skills, insight and competencies. Conclusion (II): Now the investors investing in IT companies will get the protection of their investment. Correct Answer If only conclusion I follows
The logic is:
Given statement: Although we have rating agencies like CRISIL, ICRA there is a demand to have a separate rating agency for IT companies to protect investors.
Conclusion (I): Assessment of financial work of IT companies calls for a separate set of skills, insight, and competencies → Follows (The demand for a separate rating agency despite the presence of CRISIL, ICRA implies that the skillsets of these agencies are not sufficient and their insights are not helpful for IT companies. This also means that there is a need for an agency with an additional or different set of skills and insight.)
Conclusion (II): Now the investors investing in IT companies will get the protection of their investment → Does not follow (This conclusion is too definite. We cannot be certain that the investors will receive the necessary protection. The given information is not sufficient to arrive at such a conclusion.)
Hence, If only conclusion I follows is the correct answer,