General Studies · Statement and Conclusion
Read the given statement and conclusions carefully. Assuming that the information given in the statement is true, decide which of the given conclusions logically follows from the statement. Statement: India's largest lender bank has announced that it will be allowing customers to exchange ₹2,000 notes without a requisition slip for amounts up to ₹20,000. Conclusions: I. No one will be allowed to withdraw an amount of more than ₹20,000. II. No requisition slip is required for exchange of up to ₹20,000.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Conclusion II follows✓
- 2Both Conclusion I and Conclusion II follow
- 3Neither Conclusion I nor Conclusion II follows
- 4Only Conclusion I follows
Correct answer
Only Conclusion II follows
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