Multiple choice

Which of the following is true according to the situation?

Directions: Study the situation given below to answer the question.
Satish Vrati's New Year resolution for the past three years has been the same; to buy a new house in New Delhi at the earliest. With every hike in salary, he would scramble through newspapers to find out good properties and housing loans. Meanwhile, he received conflicting advice about the pros and cons of owning a flat. If one friend pointed out the risk involved in leasing out the property. Another would say his money was being locked up without good returns. Vrati became indecisive.

With the cut in Cash Reserve Ration (CRR) by the Reserve Bank of India (RBI), many banks decided to trim interest rates for housing loans. But Vrati still wondered whether real estate was a safe investment. With the entry of corporate sector, the real estate sector has become reliable�, says Rajendra Varshney, chartered accountant and real estate adviser. Today,� it can compete with any available investment option.�

  1. Newspapers carry information regarding real estate.

  2. New Year resolutions seldom get realized.

  3. People are biased about buying property.

  4. CRR is the amount that banks have to keep with the RBI.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The passage directly states Vrati 'would scramble through newspapers to find out good properties and housing loans,' confirming that newspapers carry real estate information. Option B cannot be definitively concluded - Vrati's resolution hasn't been fulfilled in three years, but this doesn't prove resolutions seldom succeed generally. Option C makes a generalization about people's bias when the passage only shows Vrati received conflicting advice. Option D is factually incorrect - CRR is Cash Reserve Ratio, not the amount banks keep with RBI (that would be reserves or deposits). Only A is explicitly supported by evidence in the passage.

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