One statement is given, followed by two assumptions, I & II. You have to consider the statement to be true, even if it seems to be at variance from commonly known facts. You are to decide which of the given assumptions can definitely be drawn from the given statement.

Statement: “You are appointed as a trainee accountant on temporary basis. Your employment status will automatically be converted to permanent on submission of pass result of M Com final exam." — Extract from an appointment letter.

Assumptions:

I. M Com final exam is a reasonable proof of an accountant's capability.