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Course of Action - Verbal and Reasoning

Directions to SolveIn each question below is given a statement followed by three courses of action numbered I, II and III. You have to assume everything in the statement to be true, then decide which of the three given suggested courses of action logically follows for pursuing.
Q1:

Statement: The Institute has fixed for the investors a validity period of one year for transfer forms for some of its listed schemes. Courses of Action:
  1. The Institute should consult investors before fixing the duration of validity period.
  2. The investors should be duly informed about the validity period.
  3. List of schemes covered under this validity period should be communicated.

A Only I and II follow

B Only III follows

C Only II and III follow

D Only I and III follow

E All follow

ANS:C - Only II and III follow

Explanation: Clearly, it becomes essential for the Institute to communicate to the investors the details of any new policy it formulates. So, only II and III follow.