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    Question

    In each of the following questions, two statements are given followed by three or four conclusions numbers I, II, III and IV.  You have to take the given statements to be true even if they seem to be at variance from the commonly known facts and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

    Statements:      

    All shares are debentures.

    No debenture is an equity.

    Conclusions:                                      

    I. No equity is a share.

    II. Some debentures are shares.         

    III. No share is an equity.

    A Only I follow Correct Answer Incorrect Answer
    B Only II follows Correct Answer Incorrect Answer
    C Only III follows Correct Answer Incorrect Answer
    D All follow Correct Answer Incorrect Answer

    Solution

    The correct answer is D

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