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Option 4 : All follows

Consider the following least possible Venn diagram,

[ alt="F1 Bubun Ravi 16.08.21 D14" src="//storage.googleapis.com/tb-img/production/21/08/F1_Bubun_Ravi_16.08.21_D14.png" style="width: 208px; height: 102px;">

Conclusions:

I. Some Blue are Small → True.

II. No Small being a bike is a possibility → True (Possibility is true).

III. Some Bike being a Bag is a possibility → True (Possibility is true).

Hence, all conclusions follow.

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