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    Question

    In the question below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be true even if they seem to be at variance from commonly known facts and then decide which of the given conclusions logically follow from the three statements disregarding commonly known facts.

    Statements: Only a few Calls is Trades

    Some Trades are Margins No Trade is Pledge Conclusions: I. Some Calls are not Margins II. All Pledge being Calls is a possibility III. No Margin is Pledge 
    A Only conclusion I follows Correct Answer Incorrect Answer
    B Only conclusions I and III follow Correct Answer Incorrect Answer
    C Only conclusion II follows Correct Answer Incorrect Answer
    D None of the above conclusions follow Correct Answer Incorrect Answer
    E Only conclusion III follows Correct Answer Incorrect Answer

    Solution

    Only a few Calls is Trades (I) + Some Trades are Margins (I) → No conclusion. Hence conclusion I does not follow. Only a few Calls is Trades (I) + No Trades is Pledge (E) → Some Calls are not Pledge (O) → Probable conclusion  → All Pledge may be Calls (I). Hence conclusion II follows. Some Trades are Margins (I) → Conversion → Some Margins are Trades (I) + No Trade is Pledge (E) → Some Margins are not Pledge (O). Hence conclusion III does not follow.

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