1 Answers
Option 1 : Only conclusion 3 follows
The correct answer is option 1, i.e. Only conclusion 3 follows.
In this type of question, conclusion is not specifically mentioned. It needs to be deduced from the given statements.
From both the statements, we infer that Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person and the increase in the stocks of the company.
Both first and second conclusions are irrelevant with the given context and can be eliminated. First conclusion introduces the reason for the organizations name and role in the market and is not a suitable conclusion based on the information stated.
Second conclusion can also be rejected as it is no where mentioned that Jio is the driver behind the surge in Reliance. Thus, it can be eliminated.
From the third conclusion, it can be concluded that if the profits will increase the stock price will also increase (as evident from second statement, ‘rising 1.6 percent to a record 1,099.8 rupees’).
As both conclusions 1 and 2 can be rejected, the most correct answer choice is option 1.