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Statement: The Reserve Bank of India has directed the banks to refuse fresh loans to major defaulters. Assumptions: The banks may still give loans to the defaulters. The defaulters may repay the earlier loan to get fresh loan. The banks may recover the bad loans through such harsh measures.

None is implicit
Only I and II are implicit
All are implicit
Only II and III are implicit
None of these

Correct Answer: All are implicit

Explanation:

Clearly, loans to only major defaulters is being refused. So, the banks may still give loans to some defaulters. Thus, I is implicit. Also, the RBI's decision is a measure to recover the previous loans, since one would have to clear the old debts so as to get a fresh loan. So, both II and III are also implicit.

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