Directions: Given below are some statements with their first part given. The other parts are scrambled and arranged. You need to rearrange them in a logical and coherent manner and choose the option which depicts the correct arrangement. If there is no need for re-arrangement, please select option D.
Assets and the proposed FRDI Bill, 2017 to pre-empt any banking or (A) / the finance ministry claims that the Insolvency and Bankruptcy Code (B) / financial institution failures will help resolve the bad loans problem (C) / enacted in May 2016 to expedite the recovery of stressed (D).
No rearrangement required
Incorrect AnswerExplanation:
The only viable starter statement is B as the rest are in continuation and thus not suitable.
Connectors:
B and D: D elaborates on the Insolvency and Bankruptcy Code mentioned in B-
B: The finance ministry claims that the Insolvency and Bankruptcy Code
D: enacted in May 2016 to expedite the recovery of stressed
D and A: The word stressed in D matches only with assets in A-
D: enacted in May 2016 to expedite the recovery of stressed
A: assets and the proposed FRDI Bill, 2017 to pre-empt any banking or
A and C:
A: assets and the proposed FRDI Bill, 2017 to pre-empt any banking or
C: financial institution failures will help resolve the bad loans problem
Correct statement: The finance ministry claims that the Insolvency and Bankruptcy Code enacted in May 2016 to expedite the recovery of stressed assets and the proposed Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 to pre-empt any banking or financial institution failures will help resolve the bad loans problem.
The sequence is B-D-A-C.
Hence, option B is correct.
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By: Brijesh Kumar