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Option 1 : Only Conclusion I follows.
From the given statements, we can conclude that children should be taught values that make help them grow into good people and honesty is one such value. Hence, conclusion I can be drawn out from the given statements. Conclusion II cannot be drawn from the given statements as nowhere is it said that honesty is the only value which a child needs to become a good person. Therefore, option 1 is the right answer.
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