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1. Statement: Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years. Assumptions: The bank has a practice of granting loans for Rs. 1,00,000 and above. The bank accepts house as collateral security against such loans.






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  • By: guest on 02 Jun 2017 01.29 am
    The fact that Shalini has applied for a loan of Rs. 1,80,000 implies that the bank can grant a loan above Rs. 1,00,000. So, I is implicit. II also follows directly from the statement and so is implicit.
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