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Statement: No regular funds have been provided for welfare activities in this years budget of the factory.
Assumptions:
The factory does not desire to carry out welfare this year.
Budgetary provision is necessary for carrying put welfare activities.

Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Both I and II are implicit
Explanation:

Answer: Option D
Explanation:
The non-provision of funds for welfare activities in the budget clearly indicates the factorys intention to not carry out such activities in the current year. So, I is implicit. Also, welfare activities cannot be carried out in organisations without the allocation of funds for the same in the budget. So, II is also implicit.
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