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      Question

      Flipkart’s announcement that SoftBank Vision Fund, a

      private equity fund backed by Japanese billionaire Masayoshi Son, would take a stake in the company has energized India’s e-commerce space. I. Investments by big names thrill the industry. II. Only private equity funds can take stakes in Flipkart. In each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.  Give answer
      A If only assumption I is implicit Correct Answer Incorrect Answer
      B If only assumption II is implicit Correct Answer Incorrect Answer
      C If either I or II is implicit Correct Answer Incorrect Answer
      D If neither I nor II is implicit Correct Answer Incorrect Answer
      E If both I and II are implicit. Correct Answer Incorrect Answer

      Solution

      Since the announcement has ‘energized India’s e-commerce space’, Thus, I is implicit. Nothing about non private equity funds not being able to hold stake in Flipkart has been mentioned, II is not implicit.

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