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Doctors Medicines MCQs Q&A

  1. Only I is implicit
  2. Only III is not implicit
  3. Neither I, II nor III is implicit
  4. Only II is implicit
  5. Neither II nor I is implicit
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1 Answers

Option 5 : Neither II nor I is implicit

The correct answer is option 5, i.e. Neither II nor I is implicit.

An assumption is a thing that is accepted as true or as certain to happen, without proof.

(III) can be assumed to be a perfect assumption for the said statement as it is contextually correct and is the most logical assumption based on the facts mentioned.

From the statement, it is evident that the Finance Ministry is trying to resolve the ongoing debate between the RBI and the digital payment industry.

Assumption (I) is irrelevant as no mention of any note issued or circulated by the Ministry has been talked about in the given statement and we cannot assume anything on our own. Thus, it can be rejected.

Assumption (II) is also irrelevant as it cannot be said with surely regarding the split within the industry. Moreover, the idea of ‘keeping a copy of the data outside India' is independent of the given statement thus, it can be rejected.

Assumption (III) is in the same direction of the given statement as it talks about the compulsory storage of payments data within India only, the idea can be inferred from the given statement where it is stated that ‘retain a copy of the data in the geography where it is being currently stored'. Thus, it is the safest assumption. The statement following it can also be inferred because the big players operating outside India can be affected and thus, it becomes the perfect assumption.

Thus, both the assumptions, i.e. (I) and (II) are irrelevant and the correct answer choice is option 5.
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