In each question below, some
statements are given followed by two conclusions
numbered I and II. You have to take the given
statements to be true even if they seem to be at variance
with commonly known facts. Read all the conclusions
and then decide which of the given conclusions logically
follows from the given statements, disregarding
commonly known facts.

Statements: Only a few asset is revenue.
Some revenue is equity.
No equity is fiscal
Conclusions:

I. Some revenue is not fiscal

II. All asset being fiscal is a possibility

Question

In each question below, some
statements are given followed by two conclusions
numbered I and II. You have to take the given
statements to be true even if they seem to be at variance
with commonly known facts. Read all the conclusions
and then decide which of the given conclusions logically
follows from the given statements, disregarding
commonly known facts.

Statements: Only a few asset is revenue.
Some revenue is equity.
No equity is fiscal
Conclusions:

I. Some revenue is not fiscal

II. All asset being fiscal is a possibility

Accepted Answer

**Solution:**

1. The question requires us to analyze the given statements and determine which conclusions logically follow, assuming the statements are true regardless of common knowledge.

2. We must evaluate conclusion I and conclusion II independently to see if they logically follow from the statements.

3. Since the answer is (d), it means that both conclusion I and conclusion II logically follow from the given statements.

4. This implies that neither conclusion contradicts the statements, and both can be inferred based on the information provided.

**Answer:** (d) If both conclusions I and II follow

Answer

Answer

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