Question

In each of the questions below are given some statements followed by some Conclusions. You have to take the given statements to be true even, if they seem to be at variance from 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: Some designations are

Q: Statements: Some designations are descriptions Some descriptions are securities No security is a p

SomedesignationsaredescriptionsIConversionSomedescriptionsaredesignationsIHenceneitherconclusionInorIIfollow

descriptions Some descriptions are securities No security is a position Conclusion: I. Only descriptions is designations II. No designation is a description

A If only conclusion I follows.

B If only conclusion II follows.

C If either conclusion I or II follows.

D If neither conclusion I nor II follows.

E If both conclusions I and II follow.

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