irections: In the question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement. Passage: Paytm on Tuesday became the third entity after Airtel and India Post to launch the Payment Bank in India. The bank claims to be India’s first bank with zero charges on online transactions, no minimum balance requirement and free virtual debit card. For saving accounts, the payment bank will offer annual interest of 4 per cent and will also be setting up KYC centers across India to help customers get KYC done. KYC is a mandatory eligibility requirement for a Payments Bank account.

Assumptions:

I. In the first phase, the company will roll out the limited version of the banking app for its employees and associates.

II. Paytm Payments Bank is offering savings and current accounts with a debit card and the ability to make fast and easy payments.