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Option 4 : Neither conclusion (I) nor conclusion (II) follows.

Consider the following least possible Venn diagrams:

[ src="//storage.googleapis.com/tb-img/production/18/10/SSCMTS-Answer-Key-15th-Oct-10-00am_Umang%20Solution_%2024%20Sep_2018_22.PNG" style="height:105px; width:238px">

Conclusions :

I. No doll is toy → False (It is definitely false as some dolls are toys).

II. No cup is doll → False (It is possible but not definite).

Hence, neither conclusion (I) nor conclusion (II) follows.
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