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Statement: The present examination system needs overhauling thoroughly. Assumptions: The present examination system is obsolete. Overhauling results in improvement.

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 'thorough' overhauling is needed only in case of an obsolete system. So, I is implicit. Overhauling is done for improvement. So, II is also implicit.

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