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Home Verbal Reasoning Statement and Conclusion See What Others Are Saying!
  • Question
  • Statement:
    Global credit rating agency Standard and poors's (S&P) downgraded India's local currency rating to junk bond status. But India's foreign currency rating has been maintained at the same level as earlier, ie at junk bond or speculative grade.
    Conclusions :
    I. The downgrade is likely to demoralise the stock and foreign exchange markets and make overseas borrowing costlier.
    II. India is gradually approaching a debt trap.


  • Options
  • A. if only conclusion I follows
  • B. if only conclusion II follows
  • C. if either I or II follows
  • D. if neither I nor II follows, and

  • Correct Answer
  • if only conclusion I follows 

    Explanation

    Local currencies rating plays a pivotal role in stock and foreign exchange market as well as overseas borrowing. Hence conclusion I follows. Conclusion II does not necessarily follow because the given revelation is not enough.


  • More questions

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      ba__cb__b__bab

    • Options
    • A. .acbb
    • B. .bacc
    • C. .bcaa
    • D. .cabb
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    • 2. Find the odd one out:

    • Options
    • A. Rabbit
    • B. rat
    • C. mongoose
    • D. Squirrel
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    • 3. 
      NA

    • Options
    • A. Basket
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    • C. Bag
    • D. Barrow
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    • 4. 
      NA

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    • A. B-F
    • B. J-N
    • C. M-Q
    • D. T-U
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    • 5. 
      10 : 91 :: 9 :?

    • Options
    • A. 69
    • B. 72
    • C. 9
    • D. 97
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    • 6. 
      63 : 21 :: 27 :?

    • Options
    • A. 6
    • B. 9
    • C. 1
    • D. 3
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    • 7. 
      Who sits between G and D?

    • Options
    • A. H
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    • Options
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    • Options
    • A. Ring
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    • 10. 
      NA

    • Options
    • A. Huge
    • B. Tiny
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