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PR - Creidt bureaus and customers

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netigen: Legendary Member; Posts: 631; Joined: Mon Feb 18, 2008 11:57 pmFollowed by: 3 members; Thanked: 29 times

by netigen » Sat May 10, 2008 11:36 am

Whats the correct reasoning to approach this problem

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Source: Beat The GMAT — Critical Reasoning | Sat May 10, 2008 11:36 am

tar.goyal: Senior | Next Rank: 100 Posts; Posts: 50; Joined: Mon Jan 28, 2008 3:38 am; Thanked: 1 times

by tar.goyal » Mon May 12, 2008 12:44 am

I think the correct answer here is C.

The paragraph says that the Credit Bureaus provide the information about customers' financial data and bank decide to give loans to the curtomers on the basis of the data provided.

So in this paragraph, the author assumes that the Banks do not perform any verification or background checks on their own and assume that the data provided by the beureaus is accurate.

Please correct me if I am wrong!

I have started to realize that I am the one!!!

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s_raizada: Master | Next Rank: 500 Posts; Posts: 146; Joined: Thu Mar 27, 2008 2:13 pm; Thanked: 1 times

by s_raizada » Mon May 12, 2008 2:03 pm

A, D, E are out of scope

B: says '....no factual infromation for'. Lookout for trigger words like no, always, only, never, all etc. Such option on CR questions are almost always wrong. On another note, if you read the argument you will find that author said 'business will be able to make better decision' never mentioned anything about factual information.

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netigen: Legendary Member; Posts: 631; Joined: Mon Feb 18, 2008 11:57 pmFollowed by: 3 members; Thanked: 29 times

by netigen » Mon May 12, 2008 2:19 pm

OA is C

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khanshainur: Master | Next Rank: 500 Posts; Posts: 300; Joined: Fri Aug 09, 2013 2:26 am

by khanshainur » Tue May 10, 2016 7:42 am

Answer is definitely C.

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