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: 1. People may still continue to keep money in small savings schemes and also pay taxes. 2. The total tax collection may increase substantially

Statement: The Union Government has decided to withdraw existing tax r

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: 1. People may still continue to keep money in small savings schemes and also pay taxes. 2. 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.	Neither I nor II is implicit
E.	Both I and II are implicit
Answer» F.

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