Statement: He is a millionaire. Conclusions: I. He owns a luxury car. II. He has a high net worth. MCQ with Answer and Explanation

Question
Statement: He is a millionaire. Conclusions: I. He owns a luxury car. II. He has a high net worth.
A. Only II follows
B. Only I follows
C. Both I and II follow
D. Neither I nor II follows
Answer: Option A
Solution (By JKExamLibrary)
Millionaire means high net worth (II). Not all millionaires own luxury cars (I). II follows.
This question belongs to: Reasoning Statement and Conclusion
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Practice More Statement and Conclusion Questions

Question #1
Statement: The fridge is empty. Conclusions: I. There is no food at home. II. Someone needs to go shopping.
A. Both I and II follow
B. Only II follows
C. Only I follows
D. Neither I nor II follows
Discuss
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Correct Answer: Option B

Explanation:
Fridge empty doesn't mean no food elsewhere in the house (I). It implies a need to buy groceries (II). So II follows.
This question belongs to: Reasoning Statement and Conclusion
Question #2
Statement: The dress is half price. Conclusions: I. It is a good bargain. II. The original price was double.
A. Only I follows
B. Only II follows
C. Neither I nor II follows
D. Both I and II follow
Discuss
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Correct Answer: Option B

Explanation:
Half price means original price = 2x current price, so II follows. Whether it's a bargain depends on quality, so I is not certain.
This question belongs to: Reasoning Statement and Conclusion
Question #3
Statement: He failed the exam. Conclusions: I. He did not study. II. He will retake the exam.
A. Only I follows
B. Both I and II follow
C. Neither I nor II follows
D. Only II follows
Discuss
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Correct Answer: Option C

Explanation:
Reason for failure not given (I). Retaking is an assumption; he may not. Neither follows.
This question belongs to: Reasoning Statement and Conclusion
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