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Directions Each of the following question consists of a statement followed...

This question belongs to Competitive Reasoning Statement And Arguments
Statement And Arguments
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Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument.

Statement : Should Government close down loss-making public sector enterprises?

Arguments :
I. No. All employees will lose their jobs, security and earning, what would they do?
II. Yes. In a competitive world the rule is 'survival of the fittest'.

Answer & Solution
Correct Answer: Option A
Closing down public-sector enterprises will definitely throw the engaged persons out of employment. So, argument I holds. Also, closing down is no solution for a loss-making enterprise. Rather, its causes of failure should be studied, analyzed and the essential reforms implemented. Even if this does not work out, the enterprise may be privatized. So, argument II is vague,
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