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Statement: The next meeting of the Governing Board of the Institute will be held after one year.
Assumptions:
The Institute will remain in function after one year.
The Governing Board will be dissolved after one year.

Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Neither I nor II is implicit
Explanation:

Answer: Option A
Explanation:
That the meeting of the Governing Board will be held after one year means the Institute will be functioning at that time. So, I is implicit. The Board cannot be dissolved at the time" when its meeting starts. So, II is not implicit.
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