Statements:
1. All rivers are lakes.
2. All lakes are oceans.
Conclusions:
I. Some oceans are rivers.
II. No ocean is a river.
Which conclusion(s) logically follow?
Explanation:
Because rivers -> lakes -> oceans, all rivers are oceans. If all rivers are oceans, then some oceans must be rivers. Therefore, Conclusion I is definitely true and Conclusion II is definitely false.
Statement: Our approach of fund management is based on Science as much as on common sense and discipline because our goal is consistent performance in the long term- Advertisement of a mutual fund company.
Conclusions:
I. Only the approach of Science of investment can lead to high gains in short term investment.
II. It is not necessary to go for long term investment when low return short term investment is available.
Explanation:
Neither conclusion follows. The advertisement focuses on long-term consistent performance, not on short-term high gains through science alone. Conclusion II contradicts the company's emphasis on long-term investment.
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