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.
Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Both I and II are implicit
Explanation:
Answer: Option D
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.
Answer: Option D
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.