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The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.
Note: The price of gold remains constant during a month.
Q. For how many months is the absolute percentage change in Cash reserves of ICICI Bank with RBI over the previous month more than the absolute percentage change in Cash reserves of HSBC Bank with RBI over the previous month?
  • a)
    5
  • b)
    6
  • c)
    7
  • d)
    8
Correct answer is option 'B'. Can you explain this answer?
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The table given below shows the value of reserves of four banks with ...
Required value of absolute percentage change for ICICI bank is more than HSBC bank in February, April, June, July, October and December.
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Typically, when we imagine a rule or constraint as binding, we think of it as unavoidable. Binding constraints are those we suppose to be absolute and incapable of being overridden by other considerations. If a precedent is binding, then a court bound by it simply must follow it. Period.There is no reason, however, why even a binding authority should be understood in this way. Although a binding authority creates an obligation on the part of the bound court to use that authority, such an obligation need not be absolute. In life, genuine obligations can be overridden by even stronger ones. I am obliged to keep my promises, so I must keep my lunch date with you even if I no longer find you interesting. But if a close relative has fallen ill, it is understood that my obligation is overridden by the even stronger one to attend to ailing relatives. Similarly, a police officer refrains from giving a speeding ticket to the man who is rushing his pregnant wife to the hospital. Indeed, rights operate in the same way.Just as obligations can be obligatory without being absolutely so, so too can authorities be authoritative without being absolutely authoritative. Most authorities are therefore not binding or controlling in the absolute sense, and treating a source as authoritative or even mandatory does not entail following it come what may. A judge of the District Court is bound by the decisions of the High Court, but he is also bound by the decisions of the Supreme Court, and if in some case the relevant High Court precedent turns out to dictate one outcome while the relevant Supreme Court case indicates another, the obligation to follow the Supreme Court will override the obligation to follow the High Court.Similarly, the best understanding of stare decisis is that a subsequent court is bound to follow the earlier decisions of the same court, but this too is not an absolute obligation. The Supreme Court can overturn its own precedents when there is a “special justification”, not that it believes that the previous Court was mistaken. Something more is required, something “special,” but it is possible to overrule. The earlier case is a binding precedent, but here, unlike in the situation involving vertical precedent, where we understand binding to mean non overridable by any other consideration, the binding force of stare decisis is real but decidedly non absolute.Q. In which of the following situations is the obligation likely to be overruled, based on the author’s reasoning?

Typically, when we imagine a rule or constraint as binding, we think of it as unavoidable. Binding constraints are those we suppose to be absolute and incapable of being overridden by other considerations. If a precedent is binding, then a court bound by it simply must follow it. Period.There is no reason, however, why even a binding authority should be understood in this way. Although a binding authority creates an obligation on the part of the bound court to use that authority, such an obligation need not be absolute. In life, genuine obligations can be overridden by even stronger ones. I am obliged to keep my promises, so I must keep my lunch date with you even if I no longer find you interesting. But if a close relative has fallen ill, it is understood that my obligation is overridden by the even stronger one to attend to ailing relatives. Similarly, a police officer refrains from giving a speeding ticket to the man who is rushing his pregnant wife to the hospital. Indeed, rights operate in the same way.Just as obligations can be obligatory without being absolutely so, so too can authorities be authoritative without being absolutely authoritative. Most authorities are therefore not binding or controlling in the absolute sense, and treating a source as authoritative or even mandatory does not entail following it come what may. A judge of the District Court is bound by the decisions of the High Court, but he is also bound by the decisions of the Supreme Court, and if in some case the relevant High Court precedent turns out to dictate one outcome while the relevant Supreme Court case indicates another, the obligation to follow the Supreme Court will override the obligation to follow the High Court.Similarly, the best understanding of stare decisis is that a subsequent court is bound to follow the earlier decisions of the same court, but this too is not an absolute obligation. The Supreme Court can overturn its own precedents when there is a “special justification”, not that it believes that the previous Court was mistaken. Something more is required, something “special,” but it is possible to overrule. The earlier case is a binding precedent, but here, unlike in the situation involving vertical precedent, where we understand binding to mean non overridable by any other consideration, the binding force of stare decisis is real but decidedly non absolute.Q. According to the author, what is the general impression of a binding precedent?

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The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.Note: The price of gold remains constant during a month.Q. For how many months is the absolute percentage change in Cash reserves of ICICI Bank with RBI over the previous month more than the absolute percentage change in Cash reserves of HSBC Bank with RBI over the previous month?a)5b)6c)7d)8Correct answer is option 'B'. Can you explain this answer?
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The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.Note: The price of gold remains constant during a month.Q. For how many months is the absolute percentage change in Cash reserves of ICICI Bank with RBI over the previous month more than the absolute percentage change in Cash reserves of HSBC Bank with RBI over the previous month?a)5b)6c)7d)8Correct answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.Note: The price of gold remains constant during a month.Q. For how many months is the absolute percentage change in Cash reserves of ICICI Bank with RBI over the previous month more than the absolute percentage change in Cash reserves of HSBC Bank with RBI over the previous month?a)5b)6c)7d)8Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The table given below shows the value of reserves of four banks with RBI over a period of 12 months in the year 2016.Note: The price of gold remains constant during a month.Q. For how many months is the absolute percentage change in Cash reserves of ICICI Bank with RBI over the previous month more than the absolute percentage change in Cash reserves of HSBC Bank with RBI over the previous month?a)5b)6c)7d)8Correct answer is option 'B'. Can you explain this answer?.
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