- AThe members voted for the drying yard at a general body meeting three years ago
- BThe contractor who began the work has since taken up work in another district
- CNot one rupee of the forty lakh can be got back whether the yard is finished or abandoned, the half-built works being of no use to any buyer and the land the society's own
- DThe society holds forty lakh in reserve and could meet the remaining cost without borrowing
Step-by-Step Solution
The secretary's whole appeal is that finishing saves the forty lakh from being wasted. If the money is irrecoverable on either course, it has already been spent in the only sense that matters and finishing rescues nothing; the members are choosing between two futures that share the same past, and the forty lakh drops out of the reckoning altogether. The three-year-old vote is an appeal of the same doubtful kind, to a decision already made. Where the contractor has gone bears on how the work would be completed. And having the money in reserve makes completion easier, which helps the secretary rather than hindering him.
Answer: C) Not one rupee of the forty lakh can be got back whether the yard is finished or abandoned, the half-built works being of no use to any buyer and the land the society's own