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Statement: The Net can be for India what oil was for West Asia. Assumptions: I. Most IT entrepreneurs of the world are Indians. II. India can have a monopoly in IT sector in the world market.

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:

West Asia has a large stock of oil resources; that is why they have monopoly in this sector. Similarly, the speaker is assuming that India has human resources (in the form of IT entrepreneurs) which will lead it to become no. 1 in this field or contribute a large part to India's economy. Hence both are implicit.

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