Directions: In each question below a statement is given followed by t...
Understanding the Statement
The statement presents an advertisement by bank X, claiming that their interest rates for education loans are lower than those of any other bank.
Analyzing the Assumptions
To determine whether the assumptions are implicit, let’s analyze both assumptions:
Assumption I: Some other banks also provide education loans.
- This assumption is necessary for the statement to hold true.
- If no other banks offer education loans, then claiming that bank X's rates are lower than "any other bank" becomes meaningless.
- Therefore, this assumption is clearly implicit in the statement.
Assumption II: Interest rates charged on education loans are different for different banks.
- This assumption is also essential because the statement compares bank X's rates with those of other banks.
- If all banks had the same interest rates for education loans, there would be no basis for claiming that bank X's rates are lower.
- Hence, this assumption is likewise implicit in the statement.
Conclusion
Both assumptions are necessary for the statement to be valid and meaningful.
- Assumption I confirms the existence of other banks providing education loans.
- Assumption II supports the idea that there is a variance in interest rates among banks.
Thus, the correct answer is that both assumptions I and II are implicit in the statement.
Correct Answer: Option D
Directions: In each question below a statement is given followed by t...
According to the bank X, interest rate is comparing to others, means some other banks are also providing education loans. Also, interest rates varies bank to bank. So, both assumptions are implicit.