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Consider the given statement to be true and decide which of the conclusions logically follow(s) from the information given in the statement. Statement: Government has spoiled many top-ranking financial institutions by appointing bureaucrats as Directors of these institutions. Conclusions: 1. The government should appoint Directors of the financial institutions taking into consideration the expertise of the person in the area of finance. 2. The Directors of the financial institutions should have expertise commensurate with the financial work carried out by the institute.

Consider the given statement to be true and decide which of the conclusions logically follow(s) from the information given in the statement. Statement: Government has spoiled many top-ranking financial institutions by appointing bureaucrats as Directors of these institutions. Conclusions: 1. The government should appoint Directors of the financial institutions taking into consideration the expertise of the person in the area of finance. 2. The Directors of the financial institutions should have expertise commensurate with the financial work carried out by the institute. Correct Answer Both conclusions 1 and 2 follow.

According to the statement, Government has spoiled financial institutions by appointing bureaucrats as Directors. This implies that the appointed bureaucrats are lacking the expertise needed for the posts. Therefore, it is better to appoint those persons as Directors who are experts in finance and are acquainted with the financial work of the institute.

Hence, both conclusions 1 and 2 follow.

Related Questions

Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions.

Conclusions :
I. Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
II. The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.
Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions. Conclusions : a) Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
b) The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.
Read the information given below carefully and answer the given questions. For the recruitment process in an accounting organization, the following eligibility criteria are required for the candidates: i) Graduation in Commerce with minimum 60% marks. ii) At least 24 years and not more than 40 years of age as of 1-7-2016. iii) Candidates should have at least 2 years of work experience after education. iv) They should have secured 55% marks in the selection process. However, if the candidate fulfills the above criteria, except: (A) In case of (i), if the candidate is not a graduate in commerce but has a master's degree in finance with 60% marks, he/she should approach the Institute of Finance Management. (B) In case of (iii), if the candidate fulfills the eligibility criteria of at least 2 years work experience after education, not only that he has secured 75% marks in the selection process, he/she may be referred for Trainee Accountant. Based on the above information decide whether the following candidates are eligible in the selection process, and select the appropriate option. You do not have to think about anything other than the information given in the question. All the cases given to you are dated 1-7-2016. Anurag Kumar has 6 years of work experience after education. His birthday is 05-4-1992. He has scored 62% marks in the selection process. He has done his graduation in commerce and has scored 76% marks.
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Study the following information carefully and answer the given questions. For a recruitment process in an ACCOUNTING organization, the candidates need to possess the following qualifications criteria: (i) He/she should be a graduate in commerce with at least 60% marks. (ii) He/she should be of at least 24 years of age and not more than 40 years as of 1-7-2016. (iii) He/she should have post-qualification work experience of at least 2 years. (iv) He/she should have secured 55% marks in the selection process. However, if the candidate fulfills the above-mentioned criteria except: (A) at (i), and if the candidate is not a graduate in commerce but has a post-graduation degree in finance with a minimum of 60% marks, he/she should be referred to the Finance Manager of the organization. (B) at (ii), and if the candidate fulfills all the eligibility criteria but of post-qualification work experience but has secured 75% marks in the selection process, he/she may be referred to the Trainee Accountant. Based on the above information, study carefully whether the following candidates are eligible for the recruitment process and mark your answer as follows. You are not to assume anything other than the information provided in each question. All the cases are given to you as of 1-7-2016. Mamatha has done graduation in Mechanical Engineering with 59% marks. Her date of birth is 3.5.1991. She is qualified in the selection process and has secured 45% marks in it. She also has two years of post-qualification work experience.
The question given below consists of a statement, followed by three arguments I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. Industry officials and experts say they expect Indian regulators to cancel the licences of as many as 1,500 smaller non-banking finance companies because they don't have adequate capital, and to also make it more difficult for new applicants to get approval. Which of the following argument(s) stated support(s) the given fact? Arguments: I. Better capitalised and more conservatively run finance firms are likely to swallow up an increasing number of smaller rivals. That could make it difficult for many small borrowers to get loans, especially in the countryside where two-thirds of India's 1.3 billion people live and put the brakes on a surge in private consumption with a knock-on effect on growth.  II. The shadow banking sector now comprises more than 11,400 firms with a combined balance-sheet worth 22.1 trillion rupees ($304 billion) and is less strictly regulated than banks. It has been attracting new investors, particularly as the nation's banks have had to slow their lending as they seek to work through $150 billion of stressed assets.  III. Nearly 11,000 of India's NBFCs are small and medium-sized businesses with an asset base of less than 5 billion rupees. But the top 400, many of which are backed by banks and finance companies, control about 90 percent of the assets under management.
In the question below, is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. Give answer: (A) If only conclusion I follows (B) If only conclusion II follows (C) If either I or II follows (D) If both I and II follow. STATEMENT: Sun consists of huge amount of Helium. Sun is a typical midsize star. CONCLUSION 1: Most midsize stars will have at least some Helium. CONCLUSION 2: Large stars have more helium as compared to smaller stars.
In this question, two statements are given followed by two conclusions numbered i and ii. You have to assume everything in the statements to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statements. Statements: Some nibs are pens. All pens are spoons. Conclusions: i) Some spoons are nibs. ii) All spoons are pens. Choose the appropriate one from the following options A) Only conclusion i follows B) Only conclusion ii follows C) Either i or ii follows D) Neither i nor ii follows and
In the question below are given two statements followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. Statements: 1. In the past ten years, chapters have been reduced in order to reduce the pressure on students. 2. One of the ways to eliminate frustration and depression from a student’s life is by reducing the syllabus. Conclusions: I. Students nowadays are happy and ignorant to studies. II. Burden of huge syllabus is one of the main reasons for hypertension among school students. Find which of the given conclusions logically follows from the given statements.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow (s) for pursuing. Statement: With one year to go for 2019 parliamentary elections, Prime Minister Narendra Modi has stepped in to ensure results can be seen on the ground. The Centre has asked states to focus on impactful and public-private-partnership based smart city projects, which would show results over the next one year and have a review mechanism in place. Ministry of housing and urban affairs, the nodal ministry for Smart Cities Mission has identified 261 impactful ventures worth Rs. 31,000 crore and PPP projects worth Rs. 32,000 crore for the states to work on. Courses of Action: I. The move follows directives from the Prime Minister. During a review of Smart Cities mission last week, PM Modi had emphasized on early implementation of projects and suggested that the chief secretaries of all states should review the progress of the implementation. II. These identified projects account for an investment of Rs. 31,112 crore. The states have also been asked to work on 370 PPP projects that involve an investment of Rs. 32,410 crore The impactful projects identified range from building 40 outdoor fitness centres in New Delhi Municipal Council area at a cost of Rs. 1.31 crore to redevelopment of 340 acre area in Bhopal at a cost of Rs. 3,000 crore.  III. Secretary (housing and urban affairs) D. S. Mishra has written to chief secretaries of states and asked them to focus on the belated implementation of smart city projects that have a visible and transformative impact in the lives of citizens in identified smart cities.