MCQOPTIONS
Saved Bookmarks
| 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. | |