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The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: Automatic teller machines (ATMs) remain a mainstay of India’s financial inclusion drive and need the central bank’s support to stay relevant amid the government’s push for digital payments. Digital payments haven’t kept pace with the requirement for financial services in far-flung areas and a lack of ATMs there could prove disastrous for the economy.Which among the following arguments support the above statement in the best possible manner? Arguments: I. There is still strong demand for cash and if banks do not invest in the ATM infrastructure, especially in rural areas, people might opt to hoard cash instead. II. To maintain a balance between the two modes of payment, there is a need to open up regulatory sandboxes for ATMs to allow manufacturers to collaborate with financial-technology startups. III. Demonetisation pulled out over 85% of the cash in circulation, forcing people to embrace digital payments. Since then, cash in circulation has reverted to its pre-demonetisation days but digital payments have come to stay. 

The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: Automatic teller machines (ATMs) remain a mainstay of India’s financial inclusion drive and need the central bank’s support to stay relevant amid the government’s push for digital payments. Digital payments haven’t kept pace with the requirement for financial services in far-flung areas and a lack of ATMs there could prove disastrous for the economy.Which among the following arguments support the above statement in the best possible manner? Arguments: I. There is still strong demand for cash and if banks do not invest in the ATM infrastructure, especially in rural areas, people might opt to hoard cash instead. II. To maintain a balance between the two modes of payment, there is a need to open up regulatory sandboxes for ATMs to allow manufacturers to collaborate with financial-technology startups. III. Demonetisation pulled out over 85% of the cash in circulation, forcing people to embrace digital payments. Since then, cash in circulation has reverted to its pre-demonetisation days but digital payments have come to stay.  Correct Answer All except III and I are strong.

The correct answer is option 4, i.e. All except III and I are strong, i.e. Only II is strong.

We first make sure to read the statement carefully and then see what immediate inferences can be drawn based on our first reading. The next step is to look at the arguments given in the options, analyze them and see if they seem relevant with respect to the information/data provided to us. Finally, it is very important to study the question closely.

The above statement deals with the fact that there is a need to strengthen digital payments and the lack of ATMs have been disastrous.

Since we don’t have any option such as ‘None is strong’, thus, we must look for the most suitable option choice from the given options only.

Argument (I) can be rejected as it weakens the given statement. It states that people might accumulate cash if banks don’t improve the ATM infrastructure. It does not support the idea of digital payments.

Argument (III) can also be rejected as it also weakens the statement that digital payments have come to a stay. Thus, it can also be rejected.

Argument (II) can be assumed to be a suitable idea which will help to improve the statement under consideration and thus, it looks like a suitable argument that supports the idea stated.

Thus, option 4 captures the correct arguments that support the statement in the best possible manner and is our answer choice. Hence, the rest of the options can be rejected.

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