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Option 1 : Both conclusions I and II follow
The candidates who are yet to graduate are those who have appeared for the final year of graduation.
As per the given information, these candidates are considered eligible and hence can be considered for selection as the first statement says the possibility of some candidates in the selection list.
Therefore, the conclusion I follow.
The minimum required qualification is graduation. Therefore, those who have at least completed their graduation are eligible for the job. and can be in the selection list.
Therefore, conclusion II follows.
Hence, both conclusions I and II follow.
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