- Neither assumption I nor II is implicit
- Both assumptions I and Ii are implicit
- Only assumption I is implicit
- Only assumption II is implicit
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In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement.
Statement: About a year ago, Prime Minister Narendra Modi had told the world that the signature of a chartered accountant on financial statements was, perhaps, more powerful than even one of his own. ‘Just like doctors don’t want people to be ill to get more business, chartered accountants, too, need to safeguard the society’s economic health. Your signature is more powerful than the PM’s, and the government also believes the accounts signed by you’, Modi had said.
Assumptions:
I. The CA community, however, may not have woken up to the value of the initials they put on financial statements. Last year has been more of a challenge for the community’s reputation, with banking frauds, asset quality divergences and mid-term auditor resignations dominating the headlines.
II. There cannot be a situation where there will be 100% agreement on everything. You may have rules but still judgmental factors in credit, asset recognition come in. The approach is that as soon as the asset is stretched, banks have to recognise the problem.
III. But even basic logic just went out of the window and banks together kept dishing out loans to such companies even when their annual turnover was half of the total debt.?
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In each question below, a statement is given numbered I, II and III. An assumption is something which is supposed or taken for granted. You have to consider the following assumptions and decide which of the assumptions is implicit in the statement.
Statement: An initial meeting for a military exercise, which was scheduled to be conducted in September as part of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) nations, was held at headquarters of Army's Southern Command, Pune this week, the Army said today. Armies of the BIMSTEC countries comprising India, Sri Lanka, Bangladesh, Bhutan, Nepal, Thailand and Myanmar would be participating in the BIMSTEC Military Exercise (MILEX) from September 10 to 16 at the Foreign Training Node, Pune, the Army said in a statement.
Assumptions:
I. The aim of the conclave was to exchange ideas between the senior-most Army leadership of these regional nations in order to enhance operational synergy.
II. The aim of the exercise was to create synergy, better understanding and evolve an institutionalized military forum for regional cooperation in the field of counter-terrorist operations among the member states.
III. The exercise would culminate in a chiefs' conclave scheduled on September 15 and 16, where the heads of the armies of the seven participating nations would get together to review this multi-nation exercise.?
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