Statement: Despite India’s dismal World Cup performances, cricket betting is going on in full swing across the country (news report).\nAssumptions I & II:\nI. India’s dismal performances discourage betting business all over the world.\nII. Bookies are making merry (benefiting) from the continued betting.\nChoose the correct option on implicit assumptions.

Introduction / Context:
The news claims that betting remains “in full swing” in India despite poor national performance. We must infer which background belief(s) the report presupposes for that claim to be meaningful.

Given Data / Assumptions:

• I. India’s poor performance discourages betting globally.
• II. Bookies benefit (“make merry”) when betting activity is high.

Concept / Approach:
“In full swing” indicates robust betting activity. The report contrasts this with a factor that might have reduced betting (poor performance) but did not. It implicitly recognizes the continued profitability/benefit to bookmakers.

Step-by-Step Solution:
1) Core claim: betting thrives despite poor performance of Team India.2) Necessary backdrop: when betting is “in full swing,” bookies have business and profit (Assumption II).3) Assumption I overreaches: it generalizes to “all over the world,” which the statement neither mentions nor needs. The contrast is domestic (in the country).4) Hence II is implicit; I is not required and is too broad.

Verification / Alternative check:
Even if global betting were unaffected, the statement would still hold; its scope is India. But if bookies did not benefit from volume, “in full swing” would be less meaningful as a newsworthy point.

Why Other Options Are Wrong:
Only I: unsupported scope. Either I or II: exactly one (II) is needed. Neither: incorrect; II is necessary. Both: I adds unjustified global breadth.

Common Pitfalls:
Reading “in full swing” as purely descriptive without economic implication; in betting contexts it strongly implies bookmakers benefit.

Final Answer:
Only assumption II is implicit.