In each question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement.
Statement: Reliance Communications (RCom) has completed paying Swedish telecom gear maker Ericsson nearly Rs 580 crore, thereby, ensuring the telco’s chairman Anil Ambani does not go to jail. With payment of Rs 462 crore on March 18, the debt-laden telco ends its 18-month long battle with Ericsson which had claimed dues for its maintenance services. Ericsson has received the payment along with upto date interest and it will accordingly be withdrawing the petitions filed for insolvency.
Assumptions: I. RCom’s financial woes though don’t end with this payment. It has already defaulted on a Rs 21 crore spectrum payment to the telecom department and needs to pay another Rs281 crore to the government in April. It has said it will voluntarily seek insolvency protection in the National Company Law Tribunal (NCLT) to sell off its assets in a time-bound manner and repay lenders, having failed to push through its spectrum sale to Reliance Jio due to legal hurdles.
II. The battle between Ericsson and RCom started when the Swedish company moved a bankruptcy court in 2017, alleging that it had not been paid dues of around Rs 1,500 crore after signing a seven-year deal in 2013 to operate and manage the telco’s nationwide network.

Options

A. Both I and II are implicit
B. Either I or II is implicit
C. None is implicit
D. Only II is implicit

Answer

C

Explanation

The correct answer is option C , i.e. None is implicit .
An assumption is a thing that is accepted as true or as certain to happen, without proof.
From the statement, it is evident that Reliance Communications (RCom) has completed its payment of nearly Rs 580 crore to the Swedish telecom gear maker Ericsson which had claimed dues for its maintenance services. The move was triggered to avoid jail term of RCom’s chairman Anil Ambani and thereby, putting an end to the 18-month long battle. Thus, a suitable assumption must be relevant to this context only.
Assumption (I) can be rejected as the figure of 21 crore is not relevant to the given context and NCLT is also not discussed in the given context. As we cannot comprehend anything regarding which no evidence is evident thus, it is irrelevant and is eliminated.
Based on similar grounds, assumption (II) is also rejected as none of the facts presented in the given statement supports the fact that Ericson and Jio entered in a deal in 2013.
Thus, the most appropriate answer choice is option C.