MCQOPTIONS
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| 1. |
Statement:The Government has cut the interest rate on the General Provident Fund (GPF) and Special Deposit Scheme (SDS) from 9.5 to 9 per cent. At the same time it has also reduced the interest on loans to government employees by half a per cent. Conclusions :I. Now cheaper funds will be available from the Centre's coffers from those planing to construct or purchase a house or buy a vehicle or computer.II. The government employee will not be ready to invest their money into the scheme. |
| 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 |
| E. | if both I and II follow |
| Answer» B. if only conclusion II follows | |