ibps-so 2018 · Question 296 of 356

It may be inferred from the passage that the issuer-pays arrangement has survived chie y because

1. Asupervisors have never examined the question with any seriousness
2. Ban agency that sold its opinions by subscription could not prevent them from circulating among those who had not paid, whereas an issuer cannot avoid the fee at allCorrect
3. Cissuers are in a position to dictate the grade that their paper will receive
4. Dinvestors have consistently refused to accept opinions for which they have not paid
5. Ethe agencies are protected by statute from any competition whatever