Direction: In each question below is given a statement followed by two conclusions numbered I and II. You have to assume everything in the statement to be true, then consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement. Give answer
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Statement:
The Insurance Act, 1938, and its amendment in 1950 have provided the regulatory frame work for insurance business in India.
Conclusions :
I. The Insurance Act can be amended.
II. The Insurance Act can be amended only after 12 years.
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- if only conclusion I follows
- if only conclusion II follows
- if either I or II follows
- if neither I nor II follows, and
- if both I and II follow
Correct Option: D
I is an assumption.
