Statement Shalini made an application to the bank for a loan of Rs 1 80 000 by mortgaging her house ...........

Logical Reasoning(Master ) Statement - Assumptions

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.

Only assumption I is implicit

Only assumption II is implicit

Either I or II is implicit

Neither I nor II is implicit

Both I and II are implicit

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Explanation:

The fact that Shalini has applied for a loan of Rs. 1,80,000 implies that the bank can grant a loan above Rs. 1,00,000.
So, I is implicit. II also follows directly from the statement and so is implicit.