1.  Statement : No regular funds have been provided for welfare activities in this year's budget of the factory.
Assumptions :

I.  The factory does not desire to carry out welfare this area.
II. Budgetary provision is necessary for carrying out welfare activities.

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 E

Explanation:

The non- provision of funds for welfare activities in the budget clearly indicate that factory's intention to not carry out such activities in the current year. So, I is implicit. Also, welfare activities cannot be carried out in organisation without the allocation of funds for the same in the budget . so, II is also implicit.