Direction In the questions below a statement is given followed by two arguments Choose the most appr...........

Logical Reasoning (RBI) Statement - Conclusions

Direction: In the questions below, a statement is given followed by two arguments. Choose the most appropriate option.

Statement: In 2016, the Government Of India put a ban on all Rs 500 and 1000 notes in an effort to curtail the shadow economy and impede the use of illegal and fake currency that funds illegal activities and terrorism.

Arguments: I. This was the best way to tackle corruption and to stop the use of counterfeit cash. II. Demonetisation looks like a bad idea, badly executed on the basis of some halfbaked notions

Only 1 is strong

Only 2 is strong

Both are equally valid

None are valid

Together, they can be used to make a strong argument

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Explanation:

The given statement states that the Rs 500 and 1000 notes were banned with the purpose of curtailing the shadow economy and impeding the use of illegal and fake currency that funds illegal activities and terrorism. From this, we cannot jump to an argument that talks about tackling corruption or one which claims demonetisation to be a failure. Thus, neither of the two arguments can be termed valid. Thus, option D is the correct answer.