<u>Directions :</u> In each of the following questions a statement is given, followed by two conclusions. Give answer :<br><br><u>Statement :</u> The end of a financial year is the ideal time to take a look at the performance of various companies.<br><br><u>Assumptions :</u><br>I. All the companies take such a review at the end of a financial year.<br>II. The performance data of various companies is available.

Correct Answer: Both I and II are implicit
Since both I and II follow from the given statement, so both are implicit.