1.  Statement : The X-Airlines has decided to increase the passenger fare by 15 percent with immediate effect.
Assumptions :

I. The demand for seats of X-Airlines may remain unchanged even after the hike of fare.
II. Other airline companies may also hike the passenger fares.

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 A

Explanation:

Clearly, such decisions are taken only after making sure that it will not affect the company's business adversely. So, i is implicit. However, the impact of this increase on other airlines cannot be ascertained. So, II is not implicit.