Statement: Our approach of fund management is based on Science as much as on common sense and discipline because our goal is consistent performance in the long term- Advertisement of a mutual fund company. Conclusions: I. Only the approach of Science of investment can lead to high gains in short term investment. II. It is not necessary to go for long term investment when low return short term investment is available. MCQ with Answer and Explanation

Question

Statement: Our approach of fund management is based on Science as much as on common sense and discipline because our goal is consistent performance in the long term- Advertisement of a mutual fund company.
Conclusions:
I. Only the approach of Science of investment can lead to high gains in short term investment.
II. It is not necessary to go for long term investment when low return short term investment is available.

A. Neither conclusion I nor II follows

B. Both conclusions I and II follow

C. Only conclusion I follows

D. Only conclusion II follows

Answer: Option A

Solution (By JKExamLibrary)

Neither conclusion follows. The advertisement focuses on long-term consistent performance, not on short-term high gains through science alone. Conclusion II contradicts the company's emphasis on long-term investment.

This question belongs to: Reasoning Statement and Conclusion

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Question #1

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Statements:
1. Some scientists are philosophers.
2. All philosophers are writers.
Conclusions:
I. Some writers are scientists.
II. All scientists are writers.
Which conclusion(s) logically follow?

A. Only conclusion I follows

B. Only conclusion II follows

C. Neither I nor II follows

D. Both I and II follow

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Correct Answer: Option A

Explanation:
The scientists who are philosophers must also be writers because all philosophers are writers. Therefore, some writers are scientists (Conclusion I). We cannot say all scientists are writers based on the given premises (Conclusion II).

This question belongs to: Reasoning Statement and Conclusion

Question #2

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Statement: He is a millionaire. Conclusions: I. He has a lot of money. II. He earns a high salary.

A. Neither I nor II follows

B. Both I and II follow

C. Only I follows

D. Only II follows

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Correct Answer: Option C

Explanation:
I directly follows: a millionaire has lots of money. II does not necessarily follow; he may have inherited wealth, not a salary.

This question belongs to: Reasoning Statement and Conclusion

Question #3

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Statements:
1. No lock is a key.
2. No key is a door.
Conclusions:
I. All locks are doors.
II. Some doors are locks.
Which conclusion(s) logically follow?

A. Only conclusion I follows

B. Only conclusion II follows

C. Neither I nor II follows

D. Both I and II follow

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Correct Answer: Option C

Explanation:
Two negative premises yield no positive conclusion between the unconnected terms (locks and doors). They might overlap, or they might not. Neither conclusion is definite.

This question belongs to: Reasoning Statement and Conclusion

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