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  1. Neither 1 nor 2 is implicit
  2. Only assumption 2 is implicit
  3. Both 1 and 2 are implicit
  4. Only assumption 1 is implicit
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Option 2 : Only assumption 2 is implicit

The present government had reduced the base price for auctioning for the 2G spectrum. The statement hints at a previous bad experience. So, assumption II that last time the auction was not good is implicit. Whereas the prices of next auction depends on the experience of the present auction. Here, no information is provided about the experience of present auction. So, assumption I is not implicit.

Thus, only assumption 2 is implicit.
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