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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 follows from the three statements disregarding commonly known facts. Statements: Some Options are Trade All Trade are Future No Trade is Forward Conclusion: I. No Options is Forward II. Some Future is not Forward III. Some Options is not Future
    A Only conclusion I and conclusion II follow Correct Answer Incorrect Answer
    B Only conclusion III follows Correct Answer Incorrect Answer
    C Only conclusion II and conclusion III follow Correct Answer Incorrect Answer
    D Only conclusion II follows Correct Answer Incorrect Answer
    E All conclusions I, II and III follow Correct Answer Incorrect Answer

    Solution

    Some Options are Trade (I) + No Trade is Forward   (A) → Some Options are not Trade (O). Hence conclusion I does not follow. No Trade is Forward (E) → Conversion → No Forward is Trade (E) + All Trade are Future (A) → Some Future is not Forward (O). Hence conclusion II follows. Some Options are Trade (I) + All Trade are Future (A) → Some Options are Future (I). Hence conclusion III does not follow.

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