Indian Overseas Bank LBO Mock 03 – Question 14

Statements:
Only a few Banks are NBFCs.
All NBFCs are Fintechs.
No Fintech is a Startup.

Conclusions:
I. Some Banks can never be Startups.
II. All Banks being Fintechs is a possibility.

Statements:
No Credit Card is Debit Card.
Only a few Debit Cards are Smart Cards.
All Smart Cards are Prepaid Cards.

Conclusions:
I. Some Prepaid Cards are Debit Cards.
II. All Credit Cards being Smart Cards is a possibility.

(a) Only conclusion I follows

(b) Only conclusion II follows

(c) Both conclusions I and II follow

(d) Neither conclusion I nor II follows

(e) Either conclusion I or II follows

Analysis:
1. Some Debit Cards are Smart Cards, and all Smart Cards are Prepaid Cards. Therefore, those Smart Cards are both Debit Cards and Prepaid Cards. Hence, ‘Some Prepaid Cards are Debit Cards’ is definitely true. Conclusion I follows.
2. Credit Cards cannot overlap with Debit Cards. However, Smart Cards have a region outside Debit Cards. Credit Cards can reside completely within that region of Smart Cards. Hence, ‘All Credit Cards being Smart Cards is a possibility’ is true. Conclusion II follows.
Hence, both conclusions I and II follow.