A Statement is given followed by two Assumptions, I and II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given assumptions can definitely be drawn from the given statement. Indicate your answer.
Statement : The cost of living has gone up in India.
Assumptions:
I. The price of essential commodities has gone up in recent times.
II. Many luxury goods are available in plenty in the country. 

Options

A. Both I and II are implicit
B. Neither I nor II is implicit
C. Only I is implicit
D. Only II is implicit

Answer

C

Explanation

Only assumption I is implicit in the statement. The statement does not imply Luxury goods. It explains cost of living.