Multiple choice

Directions: In the question, a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. Consider the statement and the following assumptions and mark your answer as

Statement: Bank ‘A’ has announced reduction of half percentage on the interest rate on retail lending with immediate effect. Assumptions: I. Other banks may also reduce their retail lending rates to be in competition. II. The bank ‘A’ may be able to attract more customers for availing retail loans.

  1. if only assumption I is implicit

  2. if either assumption I or II is implicit

  3. if only assumption II is implicit

  4. if neither assumption I nor II is implicit

  5. if both assumptions I and II are implicit
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Only second statement is implicit. What the other banks will do cannot be said from the question statement.

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