1.  Statement : His recent investment in the shares of Company A is only a gamble.
Assumptions : 

I. He may incur loss on his investment.
II. He may gain from his investment.

A. Only assumption I is implicit.
B. Only assumption II is implicit.
C. Either I or II is implicit.
D. Neither I nor II is implicit.
E. Both I and II are implicit.

Answer: Option C

Explanation:

The use of the word 'gamble' indicates that he may either gain or lose in the deal.