Question
The Securities Appellate Tribunal has rightly ordered
the lifting of the trading restrictions imposed on the companies that approached it. I. Some companies were imposed with trading restrictions. II. If any company does not approach the Securities Appellate Tribunal, it will be imposed with trading restrictions. 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 :Solution
Clearly, from the statement some companies were imposed with trading restrictions which were lifted after those companies approached the Securities Appellate Tribunal. Thus, I is implicit. Not every company needs to approach the Securities Appellate Tribunal. The companies which felt that justice was not being to them with the imposition of the restriction went to the tribunal. The companies which were not restricted earlier need not visit the tribunal. Thus, II is not implicit.
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