English and Logical Reasoning Prep Guide
- Exam
- English and Logical Reasoning Prep Guide
- Subject
- English
- Chapter
- Fill in the Blanks
English and Logical Reasoning Prep Guide · English · Fill in the Blanks
Direction: A statement with one blank is given below. Choose the...
Direction: A statement with one blank is given below. Choose the set of words from the given options which can be used to fill the given blanks.
Non-banking financial companies, already reeling under a painful liquidity crisis, _________________________ .
I. would have to comply with a higher liquidity coverage ratio.
II. would likely put significant pressure on their margins.
III. are up against new regulatory norms set by the RBI.
Options
- AOnly II
- BOnly III
- COnly I and II
- DOnly I and III
Correct answer
D. Only I and III
Step-by-step solution
Statement I: Non-banking financial companies, already reeling under a painful liquidity crisis, would have to comply with a higher liquidity coverage ratio- This is correct as both the fragments have the same tone and supplement each other.
Statement II: Non-banking financial companies, already reeling under a painful liquidity crisis, would likely put significant pressure on its margins- The statement is incorrect as the two fragments are not coherent. Also, the use of ‘its’ does not go with the plural ‘NBFCs’ mentioned in the first fragment.
Statement III: Non-banking financial companies, already reeling under a painful liquidity crisis, are up against new regulatory norms set by the RBI- This is correct as the second fragment adds on to the first fragment and has the same tone.
Both I and III are correct.
Hence, option D is correct.