In the question below is given a statement followed by several assumptions. Find which of the assumption implicit in the statement. Statement: Bank ‘A’ has announced reduction of half percentage on the interest rate on retail lending with the immediate effect. Assumptions: I. Other banks may also reduce the retail lending rates to be in competition. II. Bank ‘A’ may be able to attract more customers for availing retail loans. (a) If only assumption I is Implicit (b) If only assumption II is Implicit (c) If either I or II is Implicit (d) If both I and II are implicit