Statement Should there be only few banks in place of numerous smaller banks in India? Arguments I. Yes, This will help secure the investor's money as these big banks will be able to withstand intermittent market related shocks. II. No, A large number of people will lose their jobs as after the merger many employees will be redundant. III. Yes, This will help consolidate the entire banking industry and will lead to healthy competition.

• None is strong
• Only I and II are strong
• Only II and III are strong
• Only I and III are strong