1.  Statement : No budgetary provision for the purpose of appointing additional faculty would be made in the  context of institute's changed financial priorities.
Assumptions :

I. Appointment of faculty requires fund.
II. There are areas other appointment of faculty which require more financial attention.

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 phrase budgetary provision for the purpose of appointing additional faculty makes I implicit. Also, since no budgetary provision was provided for appointment of faculty in view of certain changed financial priorities. it means that some other issues require more financial attention. So, II is also implicit.