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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.
Question 1:
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
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