Discussion
Assertion:
National banks have reduced their interest rates by 1.5% on fixed deposits.
RI. They have enough deposits and are not interested in attracting more deposits.
RII. They want to compete with private limited banks.
Answer: D
Correct answer: neither RI nor RII is the reason for the assertion
RI is an assumption about the banks’ own position that nothing in the assertion supports, and a bank flush with deposits has other ways of managing them than cutting rates across the board. RII points the wrong way altogether: a bank competing for depositors would raise its rates, not lower them. Neither is the reason.
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