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Read the given statement and the following assumptions and decide which of the assumptions is implicit in the statement. Choose the CORRECT option.
Statement: Shalini 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.
AOnly assumption I is implicit
BOnly assumption II is implicit
CEither I or II is implicit
DNeither I nor II is implicit
EBoth I and II are implicit
Answer: Option (Login/Signup)
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