<u>Directions :</u> In each of the following questions a statement is given, followed by three conclusions. Give answer :<br><br><u>Statement :</u> 'Tender specification will not be issued to the firms where there is 25% or more default in supplies against earlier purchase orders placed on them' - Condition of a Company X inviting tenders for the purchase of material.<br><br><u>Assumptions :</u><br>I. The Company X will be watching the quality of performance of its suppliers.<br>II. This time the firms should keep the percentage of default as less as possible.<br>III. The Company X expects quality and professional approach from its suppliers.

Correct Answer: None of these
Since Company X intends to invite tenders only from those companies which have not been defaulters earlier, so both I and III are implicit. Besides, to have long term business relations with Company X, every firm needs to perform well in its supplies. So, II is also implicit.