Statement:
An advertisement by a public sector bank: we offer higher fixed deposit interest in comparision to other public sector banks.
Assumption:
I. The different public sector banks offer different deposit rates.
II. There is competition in the market to attract customers.
From the above two assumptions, decide which of the assumption is implicit in the statement?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Both I and II are implicit
I. The different public sector banks offer different deposit rates.
THIS INFORAMTION IS CLEARLY GIVEN IN THE STATEMENT THAT THERE ARE OTHER PUBLIC SECTOR BANKS THAT OFFER DIFFERENT DEPOSIT RATES
IST ASSUMPTION IMPLICIT
II. There is competition in the market to attract customers.
(DUE TO MANY PUBLIC SECTOR BANK There is competition in the market
IIND ASSUMPTION IMPLICIT