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In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.
Statement: A fund promises of doubling the investor's money in one year.
Assumption:
I. People are looking to grow their wealth.
II. The fund is a scam.
Assumption:
I. People are looking to grow their wealth.
II. The fund is a scam.
- a)Only assumption I is implicit
- b)Only assumption II is implicit
- c)Both I and II are implicit
- d)None of the two are implicit
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
In the question below a statement is followed by two assumptions numbe...
Only if people are looking to grow their wealth that the fund is in operation. Thus, assumption I is implicit.
We cannot assume that the fund is a scam on the basis of the promise they made. Thus, assumption II is not implicit.
Hence, option A is the right answer.
We cannot assume that the fund is a scam on the basis of the promise they made. Thus, assumption II is not implicit.
Hence, option A is the right answer.
Most Upvoted Answer
In the question below a statement is followed by two assumptions numbe...
Understanding the Statement
The statement indicates that a fund is making a promise to double an investor's money within a year. This raises various assumptions that can be analyzed.
Evaluating Assumption I
- Assumption I: People are looking to grow their wealth.
- This assumption is implicit in the statement because the promise of doubling money appeals to individuals who are interested in increasing their financial assets. If people weren’t looking to grow their wealth, such a fund would not attract interest or investment. Therefore, this assumption is valid and aligns with the motivations of potential investors.
Evaluating Assumption II
- Assumption II: The fund is a scam.
- This assumption is not necessarily implicit in the statement. While some may view aggressive financial promises with skepticism, the statement itself does not provide evidence to conclude that the fund is a scam. Without additional context or information suggesting fraudulent intentions, assuming the fund is a scam is speculative and cannot be taken for granted.
Conclusion
In summary, only Assumption I is implicit in the statement about the fund promising to double investments. Investors seeking wealth growth would naturally consider such opportunities, while Assumption II lacks sufficient support to be deemed implicit. Thus, the correct answer is option 'A'—only assumption I is implicit.
The statement indicates that a fund is making a promise to double an investor's money within a year. This raises various assumptions that can be analyzed.
Evaluating Assumption I
- Assumption I: People are looking to grow their wealth.
- This assumption is implicit in the statement because the promise of doubling money appeals to individuals who are interested in increasing their financial assets. If people weren’t looking to grow their wealth, such a fund would not attract interest or investment. Therefore, this assumption is valid and aligns with the motivations of potential investors.
Evaluating Assumption II
- Assumption II: The fund is a scam.
- This assumption is not necessarily implicit in the statement. While some may view aggressive financial promises with skepticism, the statement itself does not provide evidence to conclude that the fund is a scam. Without additional context or information suggesting fraudulent intentions, assuming the fund is a scam is speculative and cannot be taken for granted.
Conclusion
In summary, only Assumption I is implicit in the statement about the fund promising to double investments. Investors seeking wealth growth would naturally consider such opportunities, while Assumption II lacks sufficient support to be deemed implicit. Thus, the correct answer is option 'A'—only assumption I is implicit.
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In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer?
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In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer? for Railways 2025 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer?.
In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer? for Railways 2025 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the question below a statement is followed by two assumptions numbered I and II. An assumption is something supposed or taken in for granted. You have to consider the statement and the following assumptions and then decide which of the assumptions is implicit in the statement.Statement: A fund promises of doubling the investors money in one year.Assumption:I. People are looking to grow their wealth.II. The fund is a scam.a)Only assumption I is implicitb)Only assumption II is implicitc)Both I and II are implicitd)None of the two are implicitCorrect answer is option 'A'. Can you explain this answer?.
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