In a given statement followed by three assumptions numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement. Then decide which of the answers (1), (2), (3),(4) and (s) is the correct answer.
Statement : "We believe that the adjustment that has already taken place in the value of the rupee is adequate. There is no ground for a further weakening of the rupee." -RBI governor
Assumptions :
I. The value of the rupee has depreciated recently.
II. Dollar-buying has been on the rise.
III. Currencies do not fall after a certain level .
1) None
2) Only III
3) Only I and III
4) Only II
5) Only I and II

Explanation

3