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. Defying sceptics who warned that it would turn out to be a millstone around banks’ necks, the NDA’s Pradhan Mantri

Step-by-step solution

Statement I is not correct since it is not implying the desired meaning here. We are talking about the success of the PMJDY scheme despite the initial hiccups in this regard. There is no relation with inflation. So this one can be eliminated. Statement II is not correct since the scheme was never expected to bring profits to the government. It is a welfare scheme meant for the welfare of the citizens. Hence, this can be eliminated at once. Statement III is correct because it implies that the PMJDY scheme was expect