Statement: The bank advised customers to update their KYC documents before the deadline.
Inferences:
I. Banks require verified customer information to comply with regulations.
II. Customers often forget to maintain records.
Show answer & explanation
Correct answer: A
Explanation
Correct Answer: (A) Only Inference I follows
Explanation:
• Inference I follows: KYC (Know Your Customer) updates are mandatory regulatory requirements. The bank requests updated KYC documents to maintain verified and legally compliant customer records.
• Inference II does not follow: Issuing a deadline or reminder does not imply that customers frequently forget or fail to maintain records; this is an unwarranted broad generalization.
Therefore, only inference I logically follows.