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Option 3 : neither conclusion I nor II follows.

Conclusions:

I. All candidates who have yet to get their Masters degree will be there in the list of selected candidates. → Conclusion I does not follows.

The statement 'candidates who have appeared for the final year examination of Masters degree can also apply' does not implies that candidates who have yet to get their Masters degree will be there in the list of selected candidates. It simply means that candidates who have appeared for the final year examination of Masters degree can apply, but it does not guarantees selection.

II. All candidates having at least 55 percent in Masters degree will be in the list of selected candidates.  → Conclusion II does not follows.

Eligibility for appearing in this exam is minimum 55 percent in Masters degree. The statement does not guarantees that candidates having at least 55 percent in Masters degree will be in the list of selected candidates.

Hence, neither conclusion I nor II follows.

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