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    Question

    In the question below there are three statements

    followed by two conclusions I and II. 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 follows from the three statements disregarding commonly known facts. Statements: 68% of derivatives are options. 75% of options are trades. No trade is service. Conclusions: I. Some options are service. II. Some derivatives are trades.
    A Only conclusion II follows Correct Answer Incorrect Answer
    B None of the above Correct Answer Incorrect Answer
    C Neither conclusion I nor conclusion II follows Correct Answer Incorrect Answer
    D Both conclusion I and conclusion II follow. Correct Answer Incorrect Answer
    E Only conclusion I follows Correct Answer Incorrect Answer

    Solution

    75% of options are trades (I) + No trade is service (E) → Some options are not service (O). Hence conclusion I does not follow.   68% of derivatives are options (I) + 75% of options are trades (I) → No conclusion. Hence conclusion II does not follow.

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