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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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