Statement The government has made quoting of Aadhaar mandatory for opening of bank accounts as well ...........

Logical Reasoning(IBPS PO) Statement - Conclusions

Statement-The government has made quoting of Aadhaar mandatory for opening of bank accounts as well as for any financial transaction of 50,000 and above.

(I) The government in its Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number (PAN) to avoid individuals using multiple PANs to evade taxes.

(II) Aadhaar is more secure and reliable than PAN for bank account transactions.

(III) Aadhaar number is issued by the Unique Identification Authority of India (UIDAI).

Which of the following statement can be concluded from the given statement?

All except II

Both II and III

Only I

Only I and II

None of the above

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Explanation:

In the above question we have to find which statement concludes the given statement.
For I- This statement states about compulsion of Adahaar with PAN to avoid fraud in taxation system whereas the given statement states about mandating Aadhaar in banking transactions. So this cannot be concluded from the given statement.
For II- It cannot be concluded as it is not given in the statement whether Adhaar is more secure or not.
For III-It is not related to the statement as it is general information.