Logical Reasoning - Statement and Assumption - Discussion
Discussion Forum : Statement and Assumption - Section 1 (Q.No. 49)
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.
49.
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.
Answer: Option
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.
Discussion:
15 comments Page 1 of 2.
Swish said:
5 years ago
It's not about the 1,00,000 Rupees the bank offers, a bank might offer even lesser amounts as loans. She has mortgaged her house and the bank accepts it as collateral, banks accept collateral and only then grant loans. So, II is correct.
(3)
Surendra said:
6 years ago
The answer given is right because the work of bank to provide and collect loan. which means we can say that bank has a practice to grant loan.
Rishab Sood said:
5 years ago
It is not mentioned anywhere that a loan below 1 lakh rupees is not provided. Anyone explain the answer clearly.
Mms said:
1 decade ago
Yes but this could be change in future and in this question criterion money is not mentioned at all.
ANI said:
7 years ago
BANK has a practice means BANK gives loan above 100000 so here the answer is given correctly.
Hema said:
1 decade ago
There is no range mentioned for money that is granted by banks then how can I be implicit?
Surya said:
5 years ago
Only 2 is implicit, I think because 1 lakh amount has not been mentioned in the statement.
(5)
Abc said:
10 years ago
Nothing is mentioned about the amount to be granted by bank so its a vague statement.
Peeyush Kumar said:
1 decade ago
I don't see how it implicit 1 as no where it is mentioned the criterion money?
Edward said:
1 decade ago
Yes, the bank could be granting loans from 0-180000 for all we know.
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