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Option 2 : Only I follows
From the given statements we draw the following least possible Venn diagram.
[ alt="20.03.2018.059" src="//storage.googleapis.com/tb-img/production/18/03/20.03.2018.059.PNG" style="height:134px; width:552px">
Conclusions:
I. All easer are paper is a possibility → True.
II. All pencil are eraser → False, it is impossible.
III. No pen is eraser → it’s possible but not definite, hence false.
IV. All pencil are paper → False, it is impossible.
Thus, only conclusion I follow.
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