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Statement: Should there be only few banks in place of numerous banks in India? Arguments: I. Yes. This will help secure the investor's money as these big banks will be able to withstand intermitten 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

Correct Answer: None is Strong

Explanation:

The security of the investor's money is not related to the size of the bank. Besides, even after consolidation, the number of investors, their amounts and hence the duties shall remain the same and so no employees will be redundant.Reducing the number of smaller banks will also not affect the mutual competition among the banks. Thus,none of the arguments hold strong.


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