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      Question

      Statement: Due to the increasing number of cyber

      fraud cases, the central bank has advised all commercial banks to implement additional layers of authentication for online transactions. Assumptions: I. Additional layers of authentication will reduce cyber fraud cases. II. Commercial banks are currently not using sufficient security measures for online transactions.
      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

      Assumption I is implicit because the very suggestion of implementing more authentication layers is based on the belief that it will help reduce cyber fraud. Assumption II is also implicit. If the current measures were already sufficient, there would be no need for a recommendation to increase security. So, both assumptions are directly linked to the logic behind the central bank’s advisory.

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