Statement and 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.
I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
II. The bank accepts house as collateral security against such loans.
|A||If only assumption I is implicit|
|B||If only assumption II is implicit|
|C||If either assumption I or II is implicit|
|D||If neither assumption I nor II is implicit|
|E||If both assumptions I and II are implicit|