Direction :In each question below are given three four conclusion numbered I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements, disregarding commonly known facts. statements followed by

Q:

Statements : No paper is ink .
 No ink is pencil .
 No pencil is eraser .
  Conclusions :
 I . Some papers are pencils .
 II . Some erasers are ink .
 III . Some erasers are not ink .
 IV . No paper is eraser .

• 1
  Only I follows
• 2
  Only either II or III follows
• 3
  Only either I or IV follows
• 4
  Only III follows
• 5
  None of these