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Statement and Argument - Verbal and Reasoning

Directions to SolveEach question given below consists of a statement, followed by three or four arguments numbered I, II, III and IV. You have to decide which of the arguments is/are 'strong' arguments) and which is/are 'weak' arguments) and accordingly choose your answer from the alternatives given below each question.
Q1:

Statement: Should government established higher level Institutes of Technology (IIT's) be privatized? Arguments:
  1. Yes. Privatization will make these institutes financially healthy, competitive and quality conscious.
  2. Yes. Privatization is the key of the new era - can we survive without it?
  3. No. Standard of education of these institutes will fall.

A None is strong

B All are strong

C Only I is strong

D Only I and III are strong

E Only II and III are strong

ANS:C - Only I is strong

Explanation: Clearly, privatization leads to betterment in a bid to win over the others in the field and earn both good reputation and money. So, argument I holds strong. Besides, privatization cannot be opted for just because it is the present trend. Also, privatization would, in no way, deteriorate the educational standards. So, neither II nor III holds.