Multiple choice

The situation assumes that I. New Year resolutions are the most reliable ones II. a hike in salary leads to an urge to invest money III. we must not seek other's advice while purchasing property

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. Only II

  2. Only III

  3. Only I and II

  4. I, II and III
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Only assumption II is supported: Vrati's behavior shows that with each salary hike, he immediately looked to invest in housing, indicating salary increases create investment urge. Assumption I is not supported - the passage shows Vrati's New Year resolution repeatedly failing over three years, contradicting that resolutions are 'most reliable.' Assumption III is contradicted - Vrati actively sought and considered friends' advice, which influenced his indecision. The passage doesn't suggest avoiding others' advice when purchasing property.

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