General Studies · Statement and Assumptions
In this question, a statement is given followed by two assumptions numbered I and II. You must assume all the information in the statement to be true and decide which assumption is implicit in the statement. Statement: The Board of Directors has decided to conduct a thorough audit of all financial transactions for the past five years. Assumptions: I. There may have been financial discrepancies in the past. II. The company wants to ensure transparency and accountability in its financial transactions.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only assumption I is implicit.
- 2Only assumption II is implicit.
- 3Both assumptions I and II are implicit.✓
- 4Neither assumption I nor II is implicit.
Correct answer
Both assumptions I and II are implicit.
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