Directions: One statement is given followed by two conclusions/assumptions, I and II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given conclusions/assumptions definitely be drawn from the given statement.

Statement: All those who study law are very smart. James is studying second-year law.

Conclusion: 1) James is very smart.

Conclusion: 2) James has a bright future.