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Statement: The US Department of Justice has launched a criminal probe into whether traders are manipulating the price of cryptocurrencies like Bitcoin, according to reports.  Which of the following objection(s) may not be a probable reason(s) for the above-taken step by the US Department of Justice to launch the probe? I. Cryptocurrencies should be banned as they are not legal and cannot be afforded by everyone. II. The probe focuses on illegal practices such as spoofing or flooding the market with fake orders to trick other traders into buying or selling.  III. US Department conducts regular probes and it is not something big. IV. The probe focuses on identifying the cryptocurrencies and launch them into the market so that market is not affected.

Statement: The US Department of Justice has launched a criminal probe into whether traders are manipulating the price of cryptocurrencies like Bitcoin, according to reports.  Which of the following objection(s) may not be a probable reason(s) for the above-taken step by the US Department of Justice to launch the probe? I. Cryptocurrencies should be banned as they are not legal and cannot be afforded by everyone. II. The probe focuses on illegal practices such as spoofing or flooding the market with fake orders to trick other traders into buying or selling.  III. US Department conducts regular probes and it is not something big. IV. The probe focuses on identifying the cryptocurrencies and launch them into the market so that market is not affected. Correct Answer <p>Only I, III and IV</p>

The correct answer is option 1, i.e. Only I, III and IV.

The question asks about which of the objectives(s) may not be a probable reason(s) for the above taken step by the US Department of Justice to launch the probe. It can be inferred that the probe has been launched to identify and focus illegal practices which harm the market.

Objective II is the correct reason of the probe and thus, can be eliminated as our answer choice. Objectives I, III and IV are irrelevant and can be marked as an answer choice. Option 1 captures all the irrelevant objectives and is thus, the most suitable answer choice.

Related Questions

In each question below is given some statements followed by three conclusions numbered I, II and III. You have to assume everything in the statement to be true, then consider the given conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. Statements: Facebook Inc said on Tuesday it will ban ads promoting financial products and services tied to cryptocurrencies and initial coin offerings. “We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency,” Facebook’s product management director, Rob Leathern, said. The new policy will be implemented across its platforms, including Facebook, Audience Network and Instagram, the company said.   Conclusions: Cryptocurrencies and initial coin offerings, according to Facebook, associate with misleading or deceptive promotional practices. Audience Network is a product of Facebook Inc. Instagram isn’t a subsidiary product of Facebook Inc. 
An electronic device rearranges numbers step-by-step in a particular order according to set of rules. The device stops when the final result is obtained.
Input: 84 15 35 04 18 96 62 08
Step 1: 96 84 15 35 04 18 62 08
Step 2: 96 84 62 15 35 04 18 08
Step 3: 96 84 62 35 15 04 18 08
Step 4: 96 84 62 35 18 15 04 08
Step 5: 96 84 62 35 18 15 08 04
And Step 5 is the last step for this input. Now, find out an appropriate step in the following question following the above rule. Question:
Input: 16 09 24 28 15 04
What will be the third step for this input ?
An electronic device when fed with the numbers, rearranges them in a particular order following certain rules. The following is a step-by-step process of rearrangement for the given input of numbers. Input :- 85 16 36 04 19 97 63 09 Step I :- 97 85 16 36 04 19 63 09 Step II :- 97 85 63 16 36 04 19 09 Step III :- 97 85 63 36 16 04 19 09 Step IV :- 97 85 63 36 19 16 04 09 Step V :- 97 85 63 36 19 16 09 04 (for the given input step V is the last step). Which of the following will be the last step for the given input ? Input :- 03 31 43 22 11 09
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A device rearranges numbers step by step in a particular order according to a set of rules. The device stops when the final result is obtained. Step V is the final for this device. Input: 86 17 35 03 20 99 64 08 Step I: 99 86 17 35 03 20 64 08 Step II: 99 86 64 17 35 03 20 08 Step III: 99 86 64 35 17 03 20 08 Step IV: 99 86 64 35 20 17 03 08 Step V: 99 86 64 35 20 17 08 03 Study the above arrangement carefully and answer this question. Which one of the following would be the last step for the input below? Input: 02 30 40 20 11 08 
Consider the following statements with respect to Bitcoins or 'cryptocurrencies' as they are commonly known; I. Bitcoin is a decentralized electronic payment system II. Only a finite number of bitcoins can be created by miners III. Bitcoins are indivisible units of currency IV. Every single bitcoin transaction is recorded in a ledger called the blockchain. Which of the above statements are correct?
In a town fair 50 people were asked which dessert they liked: ice cream, Donuts, or cupcakes. 28 said they like ice cream, 26 said they like donuts, and 26 said they like cupcakes. 8 said they like all three. 17 said they like donuts and cupcakes, 11 said they like ice cream and cupcakes. 5 said they do not like any of these. Find those people who liked ice cream and donuts but not cupcakes.
A word arranging device rearranges words step-by-step in a particular order according to set of rules. The device stops when the final result is obtained.
Input: but going for crept te light sir
Step 1: crept but going for te light sir
Step 2: crept going light but for te sir
Step 3: crept going light but for sir te
And Step 3 is the last step for this input. Now, find out an appropriate step in the following question following the above rules. Question:
Input: more fight cats cough sough acts idea
What will be the last step for this input ?
A and B bought two goods for Rs. 6000 and Rs. 4000 respectively. The selling price of B’s goods was 25% more than its cost price whereas the selling price of A’s goods was x% more than its cost price. If the selling price of A’s goods was Rs. 2500 more than the selling price of B’s goods, then find the ratio between selling price of A’s goods and cost price of B’s goods?
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