1. Only conclusion 3 follows
  2. Only conclusion 1 follows
  3. Either conclusion 3 or 2 follows
  4. Neither conclusion 1 nor 3 follows
  5. Both conclusions 1 and 2 follow
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1 Answers

Option 2 : Only conclusion 1 follows

The correct answer is option 2, i.e. Only conclusion 1 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 Nirav Modi and his uncle, Mehul Choksi cheated PNB with the fraudulent Letters of Undertaking (LoUs) and the bank is planning to close down its Brady House branch in Mumbai, which is mostly responsible for issuing the fraudulent LoUs. From the conclusions mentioned, the first is the most appropriate conclusion. The second and the third conclusions can be rejected as they state the plans that might be adopted but no such evidence regarding their existence or implementation is stated in the given set of statements, thus, they are irrelevant with the given context. As only the first conclusion is relevant, we can mark the most appropriate answer choice as option 2 and rest of the options can be rejected.
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Related Questions

Two statements are followed by three Conclusions I, II and III. You have to consider the statements to be true, even if they seem to be at variance from commonly known facts. You are to decide which of the given conclusions can definitely be drawn from the given statements and indicate your answer accordingly. Statements: I. After a Pay Commission bonanza of 2% hike in dearness allowance in March, central government employees and pensioners can expect another round of salary increase with the government set to modify the index and base year for calculating dearness allowance.  II. The labour ministry is working on a new series of consumer price index for industrial workers (CPI-IW), which is used to determine dearness allowance (DA).  Conclusions: I. DA is a cost of living adjustment allowance paid to government employees, public sector employees and pensioners in the country. It is calculated as a percentage of an employee’s basic salary to mitigate the impact of inflation on people.  II. Since theindex is used to determine dearness allowance of all government employees and industrial workers there may be significant financial implication. III. The trend so far is that the weightage of transport, healthcare and housing has gone up many fold in the new series in the monthly expenditure of an industrial worker, especially consumption of petrol and diesel with the addition of cars to it, while there is decline in overall food basket which is being diversified.?
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