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: 1 The bank has a practice of granting loans for Rs. 1,00,000 and above. 2 The

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:

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

[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

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.

Logical Reasoning :: Statement and Assumption : More Exercises

Statement and Assumption - Section 1

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: 1 The bank has a practice of granting loans for Rs. 1,00,000 and above. 2 The

Logical Reasoning :: Statement and Assumption : More Exercises

Questions & Answers

Interviews

Jobs

Results

Admission

Admit Card

Answer Key