IBPS Clerk Mains 2017 Paper

The government wants to reimpose curbs on gold imports after Diwali to discourage people from buying gold. That'snot a good idea. Any attempt to curb demand artificially -through quantitative restrictions or higher import duties -________________. However, the government is worried that the surge in gold imports could undermine India's balance of payment's position.
I. will only encourage more smuggling and revive the unauthorized hawala market
II. India's gold imports in September rose 31% from a year ago as jewellers increased their purchases ahead of a festival at the end of the month, provisional data from GFMS showed.
III. Gold buying during Dussehra is considered auspicious. Select the most appropriate option