Statement and Assumption

Directions to SolveIn 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.

Q1: Statement: His recent investment in the shares of Company A is only a gamble. Assumptions:
  1. He may incur loss on his investment.
  2. He may gain from his investment.

A Only assumption I is implicit

B Only assumption II is implicit

C Neither I nor II is implicit

D Both I and II are implicit

E Either I or II is implicit

ANS:C - Either I or II is implicit

Explanation: The use of the world 'gamble' indicates that he may either gain or lose in the deal.



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