Millionaire Mode

Statement Argument - 1

Question 1 of 14

Directions: In the question below, a question statement is followed by two arguments numbered I and II. You have to decide which of the given arguments is/are ‘strong'.

Question: Should there be only one rate of interest for term deposits of varying durations in banks?
Arguments:
I. No, people will refrain from keeping money for longer duration resulting into reduction of liquidity level of banks.
II. Yes, this will be much simple for the common people and they may be encouraged to keep more money in banks.

  1. Only argument I is strong.
  2. Only argument II is strong.
  3. Either I or II is strong.
  4. Neither I nor II is strong.
  5. Both I and II are strong.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000