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Option 1 : Both conclusions I and II follow.

We draw the least possible Venn diagram:

[ alt="FT-15 RRB OA 40QLR D11" src="//storage.googleapis.com/tb-img/production/18/08/FT-15_RRB%20OA_40QLR_D11.PNG" style="height:157px; width:451px">

Conclusions:

I. Some Toffee is not Lays → It’s true. (as no kurkure is Lays and the part of Toffee which is Kurkure is also not a part of Lays)

II. Some Kurkure is cheese → It’s true. (as the part of Kurkure which is Toffee is also a part of Cheese).

Hence, both conclusions I and II follow.
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