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      Question

      In the question below there are some statements

      followed by some conclusions. 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 definitely follows from the three statements disregarding commonly known facts. Statements: Only a few Investor are Holder. Some Holder are Equity. Only Equity are Debenture . No Holder is a Executive. Conclusion: I. Some equity are definitely not Executive. II. Some Debenture can be Executive. III. No Holder being a Debenture is a possibility.
      A Only conclusion III follows Correct Answer Incorrect Answer
      B Only conclusion I and conclusion II follow Correct Answer Incorrect Answer
      C Only conclusion I follows Correct Answer Incorrect Answer
      D Only conclusion II and conclusion III follow Correct Answer Incorrect Answer
      E None of the conclusions follow Correct Answer Incorrect Answer

      Solution

      Some Holder are Equity (I) → Conversion → Some Equity are Holder (I) + No Holder is a Executive (E) → Some Equity are not Executive (O) → Probable conclusion → Some Equity may not be Executive (I). Hence conclusion I follows. Only Equity are Debenture → All Debenture are Equity and Debenture cannot have any positive relationship with anyone. Hence neither conclusion II nor III follow.

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