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Option 3 : Both I and III follow.
The least possible Venn diagram is given below:
[ alt="F1 V.B Madhu T.T.P 23.11.19 D24" src="//storage.googleapis.com/tb-img/production/19/11/F1_V.B_Madhu_T.T.P_23.11.19_D24.png" style="width: 257px; height: 95px;">
Conclusions:
I. All car can be Buses → True (Possibilities is true)
II. All buses can be cars → Falses (Possibilities is false)
III. Some bags are buses → True (definite statement)
Hence, the correct answer is Both I and III follow.
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