Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :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.
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