Logical Reasoning Question 23
Question; Study the following passage carefully and answer the questions given below:
Social issues are addressed by social banking which focuses on satisfying the needs of the economy and society, while also considering social, cultural, ecological and economic sustainability. According to the Institute for Social Banking, social banking is described as a positive contribution to the potential of all human beings to develop in the present as well as in the future. Social Banks are defined by Benedikter as being a “bank with a conscience”. Social banks focus on investing in the community, provide help to those who are in need of help as well as support social, environmental and ethical agendas. Social banks try to close the gap in social issues that are focused around social issues within the banking industry and try to help by investing their money in endeavors that promote the greater good of the society instead of profit ventures. That is why social banks’ main focus is on promoting human and environmental well-being and lend money for those projects for a purpose. According to Benedikter, why does social banking have a conscience?
Options:
A) It deals with economic sustainability
B) It aims to close the gap in social issues
C) It lends money for various projects
D) It contributes to human potential
Show Answer
Answer:
Correct Answer; B
Solution:
Reasoning Type; Traditional Logic $\to $ assuming premises are correct Focus of the question; Assumption $\to $ find the possible fact behind a phenomenon Relationship analogy; Group analogy $\to $ Where several objects together make a group is known as Object and Group Analogy The question focuses on the right assumption of the idea of Benedikter for social banking to have conscience. It has conscience because it focuses on investing in the community, provides help to those who are in need of help as well as support social, environmental and ethical agendas.
BETA
