

MCQOPTIONS
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1. |
Statement: Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.Assumptions: The bank has a practice of granting loans for Rs. 1,00,000 and above. The bank accepts house as collateral security against such loans. |
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 |
Answer» F. | |