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Statement: "Banks should simplify the loan approval process to support small businesses."
Assumptions:
I. Small businesses find it difficult to get loans under the current system.
II. A simplified process will help more small businesses get financial support.
Assumptions:
I. Small businesses find it difficult to get loans under the current system.
II. A simplified process will help more small businesses get financial support.
- a)Only Assumption I is implicit.
- b)Only Assumption II is implicit.
- c)Both Assumptions I and II are implicit.
- d)Neither Assumption I nor II is implicit.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Statement: "Banks should simplify the loan approval process to su...
Understanding the Statement
The statement suggests that banks should make the loan approval process easier to help small businesses. This implies certain underlying beliefs or assumptions.
Assumption I: Difficulty in Current System
- The phrase "simplify the loan approval process" indicates that the current system may be complex or challenging.
- If small businesses were not facing difficulties securing loans, there would be no need for simplification.
- Therefore, it is reasonable to assume that small businesses find the existing loan process cumbersome.
Assumption II: Impact of Simplification
- The statement implies that simplifying the loan process will lead to increased financial support for small businesses.
- If the process is simplified, it logically follows that more small businesses would be able to navigate it successfully and obtain loans.
- Hence, it is assumed that a streamlined process would directly benefit small businesses seeking financial assistance.
Conclusion: Both Assumptions are Implicit
- Both Assumptions I and II are essential for the statement to hold true.
- The need for simplification arises from the existing difficulties faced by small businesses, and the desired outcome of this simplification is to enhance their access to financial support.
- Thus, the correct answer is option 'C' because both assumptions are indeed implicit in the original statement.
This understanding reinforces the connection between the complexities of loan approval and the necessity for banks to adapt their processes to better support small businesses.
The statement suggests that banks should make the loan approval process easier to help small businesses. This implies certain underlying beliefs or assumptions.
Assumption I: Difficulty in Current System
- The phrase "simplify the loan approval process" indicates that the current system may be complex or challenging.
- If small businesses were not facing difficulties securing loans, there would be no need for simplification.
- Therefore, it is reasonable to assume that small businesses find the existing loan process cumbersome.
Assumption II: Impact of Simplification
- The statement implies that simplifying the loan process will lead to increased financial support for small businesses.
- If the process is simplified, it logically follows that more small businesses would be able to navigate it successfully and obtain loans.
- Hence, it is assumed that a streamlined process would directly benefit small businesses seeking financial assistance.
Conclusion: Both Assumptions are Implicit
- Both Assumptions I and II are essential for the statement to hold true.
- The need for simplification arises from the existing difficulties faced by small businesses, and the desired outcome of this simplification is to enhance their access to financial support.
- Thus, the correct answer is option 'C' because both assumptions are indeed implicit in the original statement.
This understanding reinforces the connection between the complexities of loan approval and the necessity for banks to adapt their processes to better support small businesses.
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Community Answer
Statement: "Banks should simplify the loan approval process to su...
The recommendation assumes that the current process is a barrier for small businesses to access loans (Assumption I). It also assumes that making the process simpler will lead to more small businesses receiving support (Assumption II). Both assumptions are implicit.
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Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer? for UGC NET 2025 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UGC NET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer?.
Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer? for UGC NET 2025 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UGC NET 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer?.
Solutions for Statement: "Banks should simplify the loan approval process to support small businesses."Assumptions:I. Small businesses find it difficult to get loans under the current system.II. A simplified process will help more small businesses get financial support.a)Only Assumption I is implicit.b)Only Assumption II is implicit.c)Both Assumptions I and II are implicit.d)Neither Assumption I nor II is implicit.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UGC NET.
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