The correct answer is: C. Either I or II follows
The statement does not provide any information about the reasons why medical and engineering graduates are taking up jobs in administrative services and in banks. It is possible that they are doing so because they are not able to find jobs in their respective fields, or because they believe that these jobs offer better opportunities for advancement. Without knowing the reasons, it is impossible to say whether or not advising professionals to refrain from taking up such jobs would be a good idea.
Similarly, it is impossible to say whether or not appointing a committee to find out the reasons for these professionals taking up such jobs and to suggest remedial measures would be a good idea. It is possible that such a committee would be able to identify some problems that need to be addressed, but it is also possible that it would not be able to find any solutions.
Therefore, either course of action could be appropriate, depending on the specific circumstances.