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:

He may incur loss on his investment.

He may gain from his investment.

A Only assumption I is implicit

B Only assumption II is implicit

C Either I or II is implicit

D Neither I nor II is implicit

E Both I and II are 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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