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Option 4 : Either conclusions I or III follows

The least possible Venn diagram according to the information is,

[ src="//storage.googleapis.com/tb-img/production/19/10/F1_V.K.G_N.J_07.08.2019_D%20_%20snip%20_%201.PNG" style="width: 223px; height: 97px;">

No road is a lane → False, it is possible but not definite.

All streets are lanes → False, it is possible but not definite.

Some lanes are roads → False, it is possible but not definite.

Conclusion I and III are complementary pairs

Hence, either conclusions I or III follows.
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