Logical Reasoning - Statement and Assumption - Discussion
Discussion Forum : Statement and Assumption - Section 1 (Q.No. 27)
Directions to Solve
In each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.
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.
27.
Statement: His recent investment in the shares of Company A is only a gamble.
Assumptions:
- He may incur loss on his investment.
- He may gain from his investment.
Answer: Option
Explanation:
The use of the world 'gamble' indicates that he may either gain or lose in the deal.
Discussion:
11 comments Page 1 of 2.
Divya Kuber said:
1 decade ago
Since the word 'may' is mentioned in the assumptions, it indicates possibilities. so, both the [A] and [B] are implicit. if 'may' was replaced by 'can' only then either of these was implicit. therefore, correct answer should be [E].
Jay said:
1 decade ago
I agree with above, I really think the word implicit is misleading or totally misunderstood by the test constructors...
Bhavya said:
1 decade ago
[E] should be the answer in this case since both of the assumptions mentioned are a possibility and both are implicit because of the word 'gamble' in the statement.
Sundar said:
1 decade ago
@ALL
The given answer is correct.
Because he can get a Profit or Loss, not both.
Therefore, either he is gain profit or loss, I or II is implicit.
The given answer is correct.
Because he can get a Profit or Loss, not both.
Therefore, either he is gain profit or loss, I or II is implicit.
Garima said:
1 decade ago
But in the given question, it is written that it is a GAMBLE. And when I say that is purely a gamble then I don't know whether it will be a gain or loss. So I will have both in mind while gambling.
If I have either of the two in mind. Then it is not gambling, rather it is investing or speculating (which is supported by some analysis).
If I have either of the two in mind. Then it is not gambling, rather it is investing or speculating (which is supported by some analysis).
RSF said:
10 years ago
The answers present possibilities, not absolutes. At present time, he both may gain, or may lose in the future. After the event resolves, it is either - but not before.
If the statements were 'He will gain money' and 'He will lose money', then 'Either' would be the correct choice, because those are mutually exclusive. But the possibility of losing or gaining is not mutually exclusive.
If the statements were 'He will gain money' and 'He will lose money', then 'Either' would be the correct choice, because those are mutually exclusive. But the possibility of losing or gaining is not mutually exclusive.
Souradeep said:
10 years ago
Gambling can bring us fortune or ruin us. Thus when his investment is a gamble he can incur loss easily or gain easily. So both are implicit [E] is correct.
Tanmay chandak said:
8 years ago
@All.
Please consider what the question is asking. NOT conclusions, BUT assumption.
We can conclude that the person may incur loss or gain because of the word 'gamble' but the person saying the sentence assumes both the possibilities.
Please consider what the question is asking. NOT conclusions, BUT assumption.
We can conclude that the person may incur loss or gain because of the word 'gamble' but the person saying the sentence assumes both the possibilities.
Deepa said:
7 years ago
I agree @Souradeep.
Mukul Rathore said:
7 years ago
Both thing cannot happen at the same time therefore C is correct.
(1)
Post your comments here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers