Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.

Statement: The Union Government has decided to withdraw existing tax

1.	Statement: The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.Assumptions:I. People may still continue to keep money in small savings schemes and also pay taxes.II. The total tax collection may increase substantially.
A.	Only assumption I is implicit
B.	Only assumption II is implicit
C.	Either I or II is implicit
D.	Both I and II are implicit
Answer» E.

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