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Option 3 : Only assumption I is implicit

(Implicit - suggested though not directly expressed)

I. An initiative has to be taken to move further. – True (As, “The journey of a thousand miles starts with the first step” implies to take the first step to move further)

II. People stop themselves from starting something with, due to financial concerns. – False (As, “The journey of a thousand miles starts with the first step” it implies only about starting a journey)

Hence, only assumption I is implicit.
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