Direction: In the question below are given three statements followed by three conclusions numbered I, II, and III. 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:

No fresh is new.

Only a few new are old.

All old is Gold.

Conclusions:

I. Some old are fresh.

II. Some Gold is fresh.

III. No old is fresh.