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Option 3 : Only III
Consider the following least possible Venn diagram,
[ alt="14 sep 2017 S2 10" src="//storage.googleapis.com/tb-img/production/18/07/14_sep_2017_S2_10.PNG" style="height:100px; width:390px">
Conclusions:
I. No pen is red → False (It is possible but not definite).
II. Some blue are black → False (It is possible but not definite).
III. Some black are pens → True (It is definitely true as some black are pens).
Hence, only III follows.
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