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Statement: The world gold production has continued to grow irrespective of the price hike. Assumptions: I. Quantity of gold produced doesn't affect its price in the market. II. In case of price hike the production of gold should be reduced.

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: if only assumption II is implicit.

Explanation:

The speaker is assuming II; that is why he has used the term irrespective while comparing the gold production with price hike (inflation). I is not implicit; the assumption is that price hike affects gold production.

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