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Statement: Everybody loves reading adventure stories.
Assumptions:
Adventure stories are the only reading material.
Nobody loves reading any other material.
All are literate.

None is implicit
Only I and II are implicit
All are implicit
Only II and III are implicit
Explanation:

Answer: Option A
Explanation:
The statement mentions that adventure stories are liked by everybody. This does not mean that there is no other reading material or nobody loves reading any other material. So, neither I nor II is implicit. Besides, everybody in the statement stands for all literate people and not for all people. So, III is also not implicit.
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