GATE MT 2021 GA Q6: Analytical Aptitude

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?

Your answerChoose one option.

Only conclusion I is correct

Only conclusion II is correct

Neither conclusion I nor II is correct

Both conclusions I and II are correct

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