Statement: Although launched with great fanfare, private mutual funds have performed badly.
Courses of action: I. Private mutual funds should be banned.
II. Operations of mutual funds should be controlled by the government.
III. Mutual funds should be given the government's protection.

Options

A. Only I follows
B. Only II follows
C. Only III follows
D. None follows

Answer

D

Explanation

I is an extreme action. II and III are not proper, they are biased actis III has a positive bias as it suggests unfair protection by the govemene II has a negative bias as it suggests unfair control by the government The best thing would be to let the mutual funds determine their cum future. Again, here we have the idea of prevailing notions of truth. Today privatisation and non-interference is the buzzward. Some years ago, we were advocating either licensing and control (as in II) or safeguardine from competition (as in III). But today we call these license-raj and protectionism, respectively.