Given below is a passage followed by several inferences. Examine the passage…
2023
Given below is a passage followed by several inferences. Examine the passage carefully based on the inferences and then decide the validity of each of the inferences.
The country has taken a major initiative by introducing the convertibility of the rupee on the current account. It has also been declared that the ultimate goal is to make the Rupee fully convertible. These are signs of the country's achieving economic maturity. India is now ready to welcome foreign capital. It is preparing to reduce import tariffs to levels that are currently the norm in other developing countries. All these measures show that India is today mature and strong enough to face International Competition and to integrate itself successfully with the global economy. The country is ready to shed its ideological inhibitions and ready to evaluate the international economic environment in a pragmatic spirit.
Convertibility has not been introduced on the capital account.
- A.
If the inference is probably true;
- B.
If the inference is probably false;
- C.
If the inference is definitely true;
- D.
If the data are inadequate, i.e., in the light of the given passage;
Attempted by 1 students.
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Correct answer: C
In a Statement-and-Inference question, an inference is 'definitely true' only when it follows as a necessary, unavoidable consequence of the passage's own wording -- with no extra assumption required. It is 'probably true/false' when the passage only suggests but does not settle the point, and 'data inadequate' when the passage is simply silent on it.
Here, the passage explicitly limits what has actually been done to convertibility on the current account, while separately describing full convertibility (which necessarily includes the capital account) as the country's 'ultimate goal' -- that is, an aim not yet achieved. Since a goal is by definition still unmet, the passage itself establishes, without needing any outside assumption, that capital-account convertibility has not yet been introduced.
If capital-account convertibility had already been introduced, the passage would not need to frame full convertibility as a still-pending goal -- it would already describe a completed state. Because the passage instead speaks of the goal as something yet to be reached, the inference holds directly from the text.
The inference is therefore definitely true -- it follows necessarily from the passage's own words, without needing any additional assumption.