1.  Statement : The Reserve Bank of India has directed the banks to refuse refresh loans to major defaulters.
Assumptions :

I. The banks may still give loans to the defaulter.
II. The defaulters may repay the earlier loan to get fresh loan.
III. The banks may recover the bad loans through such harsh measures.

A. None is implicit
B. Only I and II are i mplicit
C. All are implicit
D. Only II and III are implicit
E. None of these

Answer: Option C

Explanation:

Clearly, loans to only major defaulters is being refused. So, the banks may still give loans to some defaulters. Thus, I is implicit. Also, the RBI's decision is a measure to recover the previous loans, since one would have to clear the old debts so as to get a fresh loan. So, both II and III are also implicit.