Multiple Choice Questions on Statements Bank lsquo A rsquo announced a reduction of 2 on the interest rate on home loans with imm........... for Logical Reasoning ( All Exams ) Preparation

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Multiple Choice Questions

Statements Bank lsquo A rsquo announced a reduction of 2 on the interest rate on home loans with imm...........

Logical Reasoning(Master ) Statement - Assumptions
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    Statements: Bank ‘A’ announced a reduction of 2% on the interest rate on home loans with immediate effect.

    Assumptions:

    I. Interest rates charged on home loans are different for different banks.

    II. Bank ‘A’ may be able to attract more customers for availing home loans.

    If only assumption I is implicit.

    Incorrect Answer

    If only assumption II is implicit.

    Correct Answer

    If either I or II is implicit.

    Incorrect Answer

    If neither I nor II is implicit.

    Incorrect Answer
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    Explanation:

    Assumption I is not implicit as it is not mentioned in the statement that home loans are different for different banks. Assumption II is implicit as Bank ‘A’ try to attract the customers by reducing their interest rate.

    Hence, option 2 is the correct answer.

    By: Amit Kumar
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