Directions: One statement is given, followed by two conclusions, I and II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given conclusions can be definitely drawn from the given statement.
Statement: RBI has currently cut the repo rate by 35 basis points to 5.4%
Conclusions:
I. The RBI is trying to boost the economy.
II. The RBI is trying to battle the problems of inflation through its policies.
1
Only conclusion I is true.
2
Only conclusion II is true.
3
Either I or II is true.
4
Neither I nor II is true
5
Both I and II are true