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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 portfolio are stock. Some stock are share. Only share are debenture. Conclusions: I. Some stock are debenture. II. Some portfolio are share. III. All stock are share.
    A Both conclusion I and conclusion II follow. Correct Answer Incorrect Answer
    B Only conclusion III follows Correct Answer Incorrect Answer
    C None of the conclusions follows. 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

    Only share are debenture → All debenture are share and debenture cannot have positive relation with anyone. Hence conclusion I does not follow. Some portfolio are stock (I) + Some stock are share (I) → No conclusion. Hence conclusion II does not follow. Some stock are share (I) → Conversion → Some share are stock (I). Hence conclusion III does not follow.

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