In this question, three statements are given, followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follows/follow from the statements.

Statements:

All bangles are coins.

All coins are anklets.

All anklets are lockets.

Conclusions:

I. All lockets are bangles.

II. Some lockets are coins.

1
Both conclusions I and II follow. 
2
Neither conclusion I nor II follows. 
3
Only conclusion1 follows. 
4
Only conclusion II follows.

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