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Option 4 : Both I and II follows

Statement: This world is neither good nor bad but each person understands the world in his own way.

Assumption I: Some people find this world good → True

Assumption II: Some people find this world bad → True

Both assumptions would be wrong if it had said as all people find this world good or bad. There is a possibility that some people interpret good or bad in their own way.

Thus both the assumptions follow.
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