This question consists of a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of those is/are implicit in the statement

Statement : Bank B has requested the Apex Bank of the country to permit them to dilute Government’s stake in the bank to raise funds from the equity market to balance the losses from non-performing assets.

Assumption : I. The funds generated by diluting the Government’s stake will enable the bank to recover from the losses to some extent.

Assumption : II. Atleast some equity investors will be ready to purchase the shares of the bank.

Directions (next six questions) : Study the given information carefully to answer the given questions.

Eight people L, M, N, O, P, Q, R and S are sitting around a circular table with equal distance between each other but not necessarily in the same order. Some of them are facing the centre while some are facing outside (i.e. away from the centre)

M sits third to the left of L. Only three people sit between M and S. P sits to the immediate right of S.

Immediate neighbours of P face opposite directions (i.e. If one neighbor faces the centre then the other neighbor faces outside and vice-versa.) Only one person sits between P and O.

R sits second to the right of O. Both R and N face the same direction as S (i.e. if S faces the centre then R and N also faces the centre and then the other neighbor faces outside and vice-versa.)

P does not face outside. O faces a direction opposite to that of M.