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      Question

      Three statements are given followed by three

      conclusions numbered I, II, and III assuming the statements to be true, even if they seem to be at variance with commonly known facts. Decide which of conclusion logically follow(s) from the statement. Statements: All profit is loss Some loss is loan No loan is interest Conclusions: I. Some profit is loan II. No interest is profit III. Some loss is not interest
      A Only conclusion II and conclusion III follow Correct Answer Incorrect Answer
      B Only conclusion III follows Correct Answer Incorrect Answer
      C Only conclusion I and conclusion II follows Correct Answer Incorrect Answer
      D Only conclusion II follows Correct Answer Incorrect Answer

      Solution

      All profit is loss (A) + Some loss is loan (I) → No conclusion. Hence neither conclusion nor II follow. Some loss is loan (I) + No loan is interest (E) → Some loss is not interest (O). Hence conclusion III follows.

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