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 answerSolution
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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