In the question below, a statement is followed by two assumptions numbered I and II. An assumption is something that is taken for granted. 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 real impact of the Gulf crisis would be felt only during the early next year.
Assumptions:
I. There was a good stock of oil before the crisis began.
II. World is not generally dependent on Gulf oil.