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In each questions given below. a stateme...

In each questions given below. a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions, and decide which of the assumptions is implicit in the statement.
Statement: Stock prices go up in the morning and come down in the evening, even though there is no policy decision in the intervening period.
Assumptions: I. The market has its own logic why it reacts to a situation in a particular fashion. II. Indian stock markets are extremely safe, they are not volatile.

A

if only assumption I is implicit.

B

if only assumption II is implicit.

C

if either assumption I or II is implicit.

D

if neither assumption I nor II is implicit.

Text Solution

Verified by Experts

The correct Answer is:
A

I is implicit when you negate external policies - the factor that usually makes the difference. Il is not implicit. In fact, the "go up" and "come down" activities point to the contrary.
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