Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :
Statement : Shalini made an application to the bank for a loan of Rs. 1,80,000 by mortgaging her house to the bank and promised to repay it within five years.
Assumptions :
I. The bank has a practice of granting loans for Rs. 1,00,000 and above.
II. The bank accepts house as collateral security against such loans.