In this question a statement is given which is followed by two assumptions numbered I and II. You have to consider the statement and the following assumptions and decide which of the assumption (s) is/are implicit in the statement.

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.

If both I and II are implicit.