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Option 2 : I and IV follow

The least possible Venn diagram for the given statements is as follows,

[ src="//storage.googleapis.com/tb-img/production/19/04/Diagrams%20Recreate-%20SSC%20CGL%20T2%20%28For%20Book%202%29.docx%2074.PNG" style="width: 327px; height: 85px;">

Conclusions:

I. Some LED are not white." True (as part of LED which is black will not be white)

II. Some TV are black." False (It is possible but not definite)

III. All black are LCD." False (as all LCD are black)

IV. Some black are LCD." True (as all LCD are black, some black will definitely be the LCD)

Thus, the conclusions I and IV follow.
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