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Read the given statement and conclusions carefully. Assuming that the information given in the statement is true, decide which of the given conclusions logically follows from the statement.

Statement: India’s largest lender bank has announced that it will be allowing customers to exchange ₹2,000 notes without a requisition slip for amounts up to ₹20,000.

Conclusions:

I. No one will be allowed to withdraw an amount of more than ₹20,000.

II. No requisition slip is required for exchange of up to ₹20,000.

This question was previously asked in
SSC CHSL (2022) Tier-II Official Paper (Held On: 26 Jun, 2023 Shift 1)
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  1. Only Conclusion II follows
  2. Both Conclusion I and Conclusion II follow
  3. Neither Conclusion I nor Conclusion II follows
  4. Only Conclusion I follows 

Answer (Detailed Solution Below)

Option 1 : Only Conclusion II follows
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Detailed Solution

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The statement mentions that no requisition slip is required to exchange ₹2,000 notes for amounts up to ₹20,000. Hence, Conclusion II follows.

There is no information regarding the withdrawal of more than ₹20,000. So, it can't be said that whether it is allowed or not. Hence, Conclusion I don't follow.

Hence, the correct answer is "Only Conclusion II follows".

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Latest SSC CHSL Updates

Last updated on Jul 18, 2025

-> The Staff selection commission has released the SSC CHSL Notification 2025 on its official website on 23rd June 2025.

-> The SSC CHSL Apply Online 2025 has also started. The last date to complete SSC CHSL form fill up is 18th July, 2025.

-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025. 

-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government. 

-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).

-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.  

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