The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.
P: Banks, which garner the lion’s share of retail debt allocations, pegged down their term deposit interest rates with alacrity by 200-250 basis points between 2014 and 2016 as market rates fell.
Q: Indian savers have made a decisive shift from real to financial assets in recent years prompted by policy nudges and sluggish gold and property markets.
R: But they have been tardy in passing on the rate increases of the past year.
S: But while umpteen new equity-linked options have sprung up on their menu – MFs, NPS, market linked insurance plans – there’s a notable dearth of debt options.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. QSPR.
- According to the options, the paragraph either starts with S or Q.
- The paragraph cannot start with S as it starts with 'but' which is used to contradict the previous statement.
- R will come after P as the passing on the rates is done by banks, not people.
- Option 3 fulfils the above condition.
Hence, the chosen option is correct.