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Explanation:

Consider statement A:

This statement alone does not give sufficient information as we do not know how much above/below 500 these students scored.

For example, it is possible that one student scored 800, one scored 750, the third scored 450, while the last scored 200.
Then, average = (800 + 750 + 450 + 200)/4 = 550 ≠ 500

Consider statement B:

Using this statement alone, we cannot say whether 500 is the average score of GMAT. The previous example can be used here as well.

Combining both statements together:

Even now, we cannot determine the average. (Again, the above example can be used.)

Hence, option (d).

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