Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :
Statement : The Union Government has decided to withdraw existing tax relief on various small savings schemes in a phased manner to augment its tax collection.
Assumptions :
I. People may still continue to keep money in small savings schemes and also pay taxes.
II. The total tax collection may increase substantially.
A. Only assumption I is implicit
B. Only assumption II is implicit
C. Either I or II is implicit
D. Neither I nor II is implicit
E. Both I and II are implicit
Answer: Option E

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