Statement: Everybody loves reading adventure stories. Assumptions: Adventure stories are the only reading material. Nobody loves reading any other material. All are literate.

None is implicit
Only I and II are implicit
All are implicit
Only II and III are implicit
None of these

Correct Answer: None is implicit

Explanation:

The statement mentions that adventure stories are liked by everybody. This does not mean that there is no other reading material or nobody loves reading any other material. So, neither I nor II is implicit. Besides, 'everybody' in the statement stands for 'all literate people' and not for 'all people'. So, III is also not implicit.

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