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Logical Deductions (Syllogism)

Given below a...

Question

Given below are two statements 1 and 2, and two conclusions I and II.

Statement 1: All entrepreneurs are wealthy.
Statement 2: All wealthy are risk seekers.

Conclusion I: All risk seekers are wealthy.
Conclusion II: Only some entrepreneurs are risk seekers.

Based on the above statements and conclusions, which one of the following options is CORRECT?

A

Only conclusion I is correct

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B

Only conclusion II is correct

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C

Neither conclusion I nor II is correct

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D

Both conclusions I and II are correct

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Solution

The correct option is C Neither conclusion I nor II is correct
Possible cases are :

Conclusion -I is incorrect because some risk seeker are wealthy.

Conclusion -II is also incorrect because all the entrepreneurs are risk seeker as well as wealthy.

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