Question Detail

In each question below is given a statement followed by two assumptions numbered I and II. Consider the statement and decide which of the given assumptions is implicit.
Give Answer:
(A) If only assumption I is implicit
(B) If only assumption II is implicit
(C) If either I or II is implicit
(D) If neither I nor II is implicit
(E) If both I and II are implicit.

Statement : Savita made an application to the bank for a loan of Rs 180000 by mortgaging his house to the bank and promised to repay it in 5 years.

Assumptions:
I. The bank has a practice of granting loans for Rs. 100000 and above.
II. The bank accepts house as collateral security against such loans.

• Only assumption I is implicit
• Only assumption II is implicit
• Either I or II is implicit
• Neither I nor II is implicit
• Both I and II are implicit