In this question below is given a statement followed by two assumptions numbered I and II.Consider the statement and decide which of the given assumption in implicit.
Give answer (a) if only assumption I is implicit : (b) if only assumption II is implicit: (c) If either I or II is implicit: (d) If neither I nor II is implicit and (e) If both I and II are implicit.
Statement : Bank 'A' has announced reduction of half percentage on the interest rate on retail lending with immediate effect.
Assumption : I. Other banks may also reduce the retail lending rates to be in competition.
II. Bank 'A' may be able to attract more customers for availing retail loans.

Explanation

(b) If only assumption II is implicit.