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Statement: The finance ministry freshly brought out a hug revenue deficit because customs and excise have done badly due to severe industrial slowdown. Assumptions: I. Excise and customs has a good stake in revenue collection of the government. II. Customs and excise has a strong link- up with industrial performance.

if only assumption I is implicit.
if only assumption II is implicit.
if either I or II is implicit.
if neither I nor II is implicit.

Correct Answer:

Explanation:

The way the poor performance on excise and customs fronts has been shown to be the cause of the "huge revenue deficit" makes I implicit. Similarly, II is implicit from the way it affected customs and excise.

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