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Discussion :: Statement and Assumption

  1. Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

    Statement : Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.

    Assumptions :
    I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
    II. The bank accepts house as collateral security against such loans.

  2. A.

     Only assumption I is implicit

    B.

     Only assumption II is implicit

    C.

     Either I or II is implicit

    D.

     Neither I nor II is implicit

    E.

     Both I and II are implicit

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    Answer : Option E

    Explanation :

    The fact that Shalini has applied for a loan of Rs. 1,80,000 implies that the bank can grant a loan above Rs. 1,00,000. So, I is implicit. II also follows directly from the statement and so is implicit.


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