Question
Given below are two statements 1 and 2, and two conclusions I and II.
Statement 1: All entrepreneurs are wealthy.
Statement 2: All wealthy are risk seekers.
Conclusion I: All risk seekers are wealthy.
Conclusion II: Only some entrepreneurs are risk seekers.
Based on the above statements and conclusions, which one of the following options is CORRECT?
Options :
Only conclusion I is correct
Only conclusion II is correct
Neither conclusion I nor II is correct
Both conclusions I and II are correct
Answer :
Neither conclusion I nor II is correct
Solution :
The Venn diagram according to the given statements is as follows:
Conclusions :
All risk seekers are wealthy. → False (All wealthy are risk seekers but can't say vice versa is also true)
Only some entrepreneurs are risk seekers → False (All entrepreneurs are wealthy and All wealthy are risk seekers so all entrepreneurs will be risk seekers)
Hence neither conclusion I nor II is correct.
Copyright © 2025 Test Academy All Rights Reserved