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Statement: No regular funds have been provided for welfare activities in this year's budget of the factory. Assumptions: The factory does not desire to carry out welfare this year. Budgetary provision is necessary for carrying put welfare activities.

Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Neither I nor II is implicit
Both I and II are implicit

Correct Answer: Both I and II are implicit

Explanation:

The non-provision of funds for welfare activities in the budget clearly indicates the factory's intention to not carry out such activities in the current year. So, I is implicit. Also, welfare activities cannot be carried out in organisations without the allocation of funds for the same in the budget. So, II is also implicit.

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