In given 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 suggested courses of action logically follows for pursuing.
Statement Many private sector banks have reduced interest rate on housing loans in comparison to public sector banks
Courses of action I. The case should be raised before the regulatory authority for investigation by the public sector banks as they cannot follow such reduction.
II. Public sector banks adopt such policy to remain in competition.
III. The public sector banks should advertise their special feature repeatedly so that they do not lose their future customers.
(a) All follow
(b) Only I and II follow
(c) Only I and II follow
(d) Only either II or III follows
(e) None of these

Explanation

(d) Only either II or III follows