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Option 1 : Only conclusion (I) follows
The least possible Venn diagram for the given statements is as follows,
[ alt="dcba" src="//storage.googleapis.com/tb-img/production/18/06/dcba.PNG" style="height:129px; width:189px">
Conclusion:
I. Some pencils are cups → it is true
II. No pencil is cup → it is false
III. Some cups are pens → it is possible but not definite, hence false
Hence, Only conclusion (I) follows
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