Logical Reasoning
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Statement and Assumptions - Practice Level
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Question 3228
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Statement : Shallini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.
Assumptions :
I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
II. The bank accepts house as collateral security against such loans.
Correct Answer: Option E
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