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Option 5 : Both conclusions I and II follow.
We draw the least possible Venn diagram:
[ alt="F1 Shailendra.R Ravi 15.07.21 D5" src="//storage.googleapis.com/tb-img/production/21/07/F1_Shailendra.R_Ravi_15.07.21_D5.png" style="width: 207px; height: 106px;">
Conclusions:
I. Some Pepsi is Nimbuz → It’s true. (as the part of Pepsi which is Fanta is also is a part of Nimbuz).
II. Some Nimbuz is Limca →It’s true. (as Some Fanta is Limca and All Fanta is Nimbuz).
Hence, both conclusions I and II follow.
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