New All India SEBI Grade A Scholarship Test on June 11, 2023
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Question

In each question below a statement is given followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.

Statement : The mutual fund market is growing at more than 30% in terms of new assets under management.

I . People are slowly moving from investing in gold to putting their money in bank products and mutual funds.

II. People are realizing the importance of saving and multiplying money.

A if only I implicit. Correct Answer Incorrect Answer
B if only II implicit. Correct Answer Incorrect Answer
C if either I or II implicit. Correct Answer Incorrect Answer
D if neither I nor II implicit. Correct Answer Incorrect Answer

Solution

The correct answer is D

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