With immediate effect, the local co-operative credit society has decided to discontinue lending to farmers.A huge number of credit society members have withdrawn a significant portion of their savings.
A. The cause is stated in statement I, and the result is stated in statement II.
B. The reason is stated in statement II, whereas the result is stated in statement I.
C. Both propositions I and II are causes in their own right.
D. Both statements I and II are the result of separate causes.
Answer:B
With immediate effect, the local co-operative credit society has decided to discontinue lending to farmers.A huge number of credit society members have withdrawn a significant portion of their savings.
A. The cause is stated in statement I, and the result is stated in statement II. B. The reason is stated in statement II, whereas the result is stated in statement I. C. Both propositions I and II are causes in their own right. D. Both statements I and II are the result of separate causes.
Explanation: Withdrawals of funds by society members are certain to impair the society's lending power.