MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Money Supply and Inflation

Statement: An...

Question

Statement: An advertisement by Bank X ‘Our interest rates for education loans are lower than any other bank’.

Assumptions:

I. Some other banks also provide education loans.

II. Interest rates charged on education loans are different for different banks.

A

If only I is implicit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

If either I or II is implicit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

If neither I nor II is implicit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

If both I and II are implicit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
If both I and II are implicit

According to bank X, interest rate is comparing to others, means some other banks are also providing education loans. Also interest rate varies bank to bank. So, both assumptions are implicit.

Suggest Corrections

thumbs-up

0

Similar questions

Statement: Believe me, I have read it in newspaper X.

Assumptions:

I. Newspaper X gives reliable information/news.

II. I am reporting exactly as it is given in newspaper X.

Q. In each question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which which of the assumption(s) is/are implicit in the statement

Statement
“Our bank provides all your banking requirements in one location”, an advertisement of a bank.

Assumptions
I. Customers prefer to carry out all banking transactions at one place.
II. People may get attracted by the advertisement and carry out their transactions with the bank.

Q. In each question below are given one statement and two assumptions I and II Examine the statements and select the correct assumption which is implicit in the statement using the following code.
Statement :"Present day education is in shambles and the country is going to the dog ".
Assumptions : I . A good education system is essential for the well being of a nation.
II. A good education alone is sufficient for the well being of nation.

Q. Q. Statements: “It is alarming to note that only 48 to 50 percent of the voters in State „X‟. The government must make it mandatory for all to exercise their franchise in order to make the democracy more meaningful.” – View of a voter

Assumption:
(I) Increase in the participation of voters will ensure increase in the rationality of the democratic set – up.
(II) Making it “mandatory for all to exercise their franchise” may increase the number of voters.

Q. Banks charge a higher interest rate on loans than what they offer on __________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Money supply and inflation

ECONOMICS

Watch in App

explore_more_icon

Explore more

Money Supply and Inflation

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon