The cost of living is directly associated with the prices of essential commodities. So, I is implicit. II denotes an essential consequence of rise in cost of living. So, II is also implicit.
3. Statement: No budgetary provision for the purpose of appointing additional faculty would be made in the context of institute's changed financial priorities.
Assumptions:
Appointment of faculty requires funds.
There are areas other than appointment of faculty which require more financial attention.
The phrase 'budgetary provision for the purpose of appointing additional faculty' makes I implicit. Also, since no budgetary provision was provided for appointment of faculty in view of certain changed financial priorities, it means that some other issues require more financial attention. So, II is also implicit.
4. Statement: The economic condition of the country has gone from bad to worse.
Assumptions:
The government has failed to tackle economic problems.
The statement implies that the existing economic problems have worsened. So, I is implicit. Nothing about the people's attitude is mentioned. So, II is not implicit.
5. Statement: Science is a sort of news agency comparable in principle to other new agencies. But this news agency gives us information which is reliable to an extraordinary high degree due to elaborate techniques of verification and its capacity to survive centuries. So, science should be read with as much interest as we read news.
The statement mentions that science is reliable as facts can be verified by investigation. So, I is implicit. II follows directly from the last sentence in the statement and so it is also implicit.
6. Statement: Deepak has a large collection of books and he keeps on purchasing new books to add to his collection.
Assumptions:
Deepak loves and cares for books.
Deepak has read each and every book that he has purchased.
The statement clearly reflects Deepak's exceptional interest in books. So, I is implicit. However, how many books of his collection he has gone through, cannot be deduced from the statement. Thus, II is not implicit.
7. Statement: An advertisement in a newspaper - "Wanted unmarried, presentable, matriculate girls between 18 and 21, able to speak fluently in English to be taken as models."
Assumptions:
Fluency in English is a pre-requisite for good performance as a model.
'Fluency in English' is a condition mentioned for girls to be taken as models. So, I is implicit. Since nothing is mentioned about the height, so II is not implicit.
8. Statement: There has been a remarkable increase in the air traffic in India during the past few years.
Assumptions:
Travelling by air has become a status symbol now.
Large numbers of peoples are able to afford air travel now.
The statement indicates that the number of people travelling by air has increased in the recent years. This clearly implies that large number of people can now afford air travel. So, only II is implicit.
9. Statement: "Blue tie would help us identify our staff from others." - A suggestion in a company.
Clearly, the suggestion is given for providing a method of identification. This means that the staff needs to be identified. So, I is implicit. The statement does not mention anything about the fashion. So, II is not implicit.
10. Statement: A's advice to B - "If you want to study Accounts, join Institute Y."
Clearly, A advises B to join Y because it provides good Accounts education. So, I is implicit. It is not mentioned whether B listens to A's advice or not. So, II is not implicit.