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  1. Only III follows
  2. Neither II nor III follows
  3. None follows
  4. All except III 
  5. All I, II and III follow
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1 Answers

Option 4 : All except III 

A course of action is something thDat needs to be done considering the present scenario in mind. From the statement, it is evident that Specialty steel and wire ropes maker Usha Martin is planning for disinvestment. Thus, the course of action must also be in the same direction, in order to strengthen the flow of ideas.

As a part of the initiative for disinvestment, both I and II can be considered appropriate.

From Course of action I, it is evident that the proceedings will result in repaying of the debts and Usha Martin is planning to scale up the wire ropes unit in order to strengthen the business. As it covers the fact that from the disinvestment, loans will be repaid and thus, will serve the given purpose. Thus, it is in the same context as the given statement.

From Course of action II, it is in the same context as the plans and the transactions occurring as a part of the disinvestment. Thus, it is also relevant.

Course of action III is totally irrelevant as it is a generic statement which states that Usha Martin is a top player in the industry. Moreover, comparison with Ebitda is not in the direction of the disinvestment. Thus, it can be rejected.

Thus, the correct answer is option 4.

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