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Option 4 : Neither conclusion I nor conclusion II follows

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

[ alt="05.1.2019.0091148" src="//storage.googleapis.com/tb-img/production/19/01/05.1.2019.0091148.PNG">

Conclusions:

I. All pockets are wallets → False (It is possible but not definite)

II. No wallets are pockets → False (It is not possible)

Hence, neither conclusion I nor conclusion II follows.

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