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Given below are two statements 1 and 2, and two conclusions I and II
Statement 1: All entrepreneurs are wealthy
Statement 2 : All wealthy are risk seekers
Conclusion 1 : All risk seekers are wealthy.
Conclusion 2 : Only some entrepreneurs are risk seekers.  
Which is correct?
  • a)
    Only conclusion I is correct.  
  • b)
    Only conclusion II is correct.  
  • c)
    Both conclusion I and II are correct .  
  • d)
    Neither Conclusion I nor II is correct . 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Given below are two statements 1 and 2, and two conclusions I and IISt...
(1) Can’t say (Wrong)
(2) Definitely wrong

Hence, the correct option is (D).
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Given below are two statements 1 and 2, and two conclusions I and IIStatement 1: All entrepreneurs are wealthyStatement 2 : All wealthy are risk seekersConclusion 1 : All risk seekers are wealthy.Conclusion 2 : Only some entrepreneurs are risk seekers. Which is correct?a)Only conclusion I is correct. b)Only conclusion II is correct. c)Both conclusion I and II are correct . d)Neither Conclusion I nor II is correct .Correct answer is option 'D'. Can you explain this answer?
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