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In each question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for grunted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.
Statement An advertisement by bank X-'Our interest rates for education loans are lower than any other bank'.
Assumptions
I. Some other banks also provide education loans.
II. Interest rates charged on education loans are different for different banks
  • a)
    if only assumption I is implicit
  • b)
    if only assumption II is implicit
  • c)
    if either assumption I or assumption II is implicit
  • d)
    if both assumptions I and II implicit
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
In each question below is given a statement followed by two assumptio...
According to bank X, the interest rate compares to others, which means some other banks are also providing education loans. Also, interest rates vary from bank to bank.
So, both assumptions are implicit.
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In each question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for grunted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Statement An advertisement by bank X-'Our interest rates for education loans are lower than any other bank'.AssumptionsI. Some other banks also provide education loans.II. Interest rates charged on education loans are different for different banksa)if only assumption I is implicitb)if only assumption II is implicitc)if either assumption I or assumption II is implicitd)if both assumptions I and II implicitCorrect answer is option 'D'. Can you explain this answer?
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