In the question given below, a statement is followed by two assumptions numbered I and II. You have to consider the statement and decide which of the assumptions is implicit in the statement.
Statement:
Ramesh took a loan of Rs. 270000 by mortgaging his BMW car to the bank.
Assumption:
I. Bank accepts mortgaged property as collateral security against such loans.
II. Bank gives loan for an amount higher than Rs. 250000
1
If only assumption I is implicit
2
If only assumption II is implicit
3
If neither I or II is implicit
4
If both I or II are implicit