Statements: All shares are debentures. No debenture is an equity.

Answer : D . Both I and II follow.

The question contains some statements followed by some conclusions. Decide which of the given conclusions logically follow from the given statements, disregarding commonly known facts.
Statements:
All shares are debentures.
No debenture is an equity.
Conclusions:
I. No equity is a share.
II. Some debentures are shares.

A . Only conclusion I follows.

B . Only conclusion II follows.

C . Neither I nor II follows

D . Both I and II follow.

Answer : D . Both I and II follow.

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