Direction: In each question a sentence is given followed by a blank. You are provided with three fragments I, II and III. You have to identify which statement/statements can carry forward the given sentence in the most logical way so as to make the sentence coherent and contextually correct. The consultation paper floated by the two leading stock exchanges has renewed the debate about the heavy tilt in the listed sto

Step-by-step solution

Statement I is correct because it correctly implies the meaning that the Indian stock exchange is heavily tilted towards a few stocks. This means that the indices fail to reflect the real picture of the economy. Statement II is also correct since it implies the same meaning whereas Statement III also implies that the heavy weightage towards few sectors implies the heavy distortion in the benchmark indices in India. This makes Option D the correct choice among the given options.