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Option 2 : Conclusion III is definitely false.

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

[ alt="FT1 L1 Radhika Mar 8 25q Revd Hindi Reviewed 8" src="//storage.googleapis.com/tb-img/production/19/03/FT1_L1_Radhika_Mar%208_25q_Revd_Hindi%20Reviewed%208.PNG">

I. Some pages are paper → it can be true.

II. No clean is book → it can be true.

III. All ruled can be books → it is definitely false.

IV. Some exams are paper → True (as shown in figure)

Hence, conclusion III is definitely false.
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