Reliance Jio has sharply reduced the cost of Internet access in India, creating winners and losers among customers, other telecom companies, the Government and existing shareholders. Statements: A. The final group of losers is the current shareholders of Reliance Industries Limited, whose share price fell when Jio was announced. B. This shows that the stock markets short term reaction is usually proven correct in the long run. C. The first group of losers is the shareholders of other telecom companies, who face lower profits because of Jio. D. The large amount of revenue that the Government of India earns from auctioning spectrum is not always a good thing, because a large fraction of Government spending is wasted. E. The second loser is the Government of India, since the big money it was earning from selling cellular bandwidth was actually coming from the pockets of mobile consumers. F. The first obvious winners are customers who enjoy cheaper Internet access. G. The second winner is Mr Ambani, who can make a lasting impact as the person who brought affordable Internet to millions of Indians. Question: Which of the above statements supports the decision of other telecom companies that oppose the Reliance Jio scheme?

Introduction / Context:
This is a statement selection question based on a business and economics passage about Reliance Jio. The passage lists several groups who win or lose when Jio reduces Internet prices. You are asked to identify which statement supports the decision of other telecom companies to oppose the Jio scheme.

Given Data / Assumptions:

• Other telecom companies are competitors of Jio in the Indian market.
• Opposition from these companies will be motivated by reasons that show they are harmed by the scheme.
• Statements A to G describe winners and losers among shareholders, the Government, customers and Mr Ambani.
• We must select the statement that clearly explains the loss faced by other telecom companies or their shareholders.

Concept / Approach:
When a question asks which statement supports a decision, we look for a statement that provides a logical reason for that decision. Here, other telecom companies oppose Jio because it hurts them financially. So the supporting statement must highlight their loss, not the loss of the Government, Jio shareholders, or benefits to customers.

Step-by-Step Solution:
Step 1: Examine statement C. It says that the first group of losers is the shareholders of other telecom companies because of reduced profits. Step 2: This directly explains why other telecom companies would oppose the Jio scheme. Lower profits and shareholder losses are clear motives. Step 3: Examine statements A and E. Statement A is about shareholders of Reliance Industries itself. Statement E is about the Government losing revenue. Step 4: Neither A nor E focuses on the loss of other telecom companies, so they do not directly support their opposition.

Verification / Alternative check:
Check each statement and ask whether it shows a harm or benefit to rival telecom companies. Only statement C does this clearly by mentioning their shareholders as losers.

Why Other Options Are Wrong:
Option A is wrong because it focuses on Reliance shareholders, not rival companies. Option B talks about market prediction and does not relate to rival opposition. Options that combine C with E or G are wrong because E and G refer to the Government and Mr Ambani, not rival firms. Only statement C is specific to other telecom companies.

Common Pitfalls:
A common mistake is to select options that list many statements, assuming more information is better. However, you must choose only the statement that directly supports the given decision.

Final Answer:
Therefore, the statement that supports the opposition of other telecom companies to the Jio scheme is only statement C, and that is the correct option.