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Statement : Savita made an application to the bank for a loan of Rs 180000 by mortgaging his house to the bank and promised to repay it in 5 years.
Assumptions:
I. The bank has a practice of granting loans for Rs. 100000 and above.
II. The bank accepts house as collateral security against such loans.

A.Only assumption I is implicit
B.Only assumption II is implicit
C.Either I or II is implicit
D.Both I and II are implicit
Answer and Feedback
Answer:D

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