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Statement: Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.


Assumptions:


 I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
II. The bank accepts house as collateral security against such loans.

A. Only assumption I is implicit

B. Only assumption II is implicit

C. Either I or II is implicit

D. Neither I nor II is implicit

E. Both I and II are implicit

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