Comprehension Passage

Direction: In the following question, the symbols $, %, #, & and * are used with the following meaning as illustrated below:

‘P & Q’ means ‘P is neither greater than nor equal to than Q’.

‘P % Q’ means ‘P is equal to Q’.

‘P # Q’ means ‘P is not smaller than Q’.

‘P * Q’ means ‘P is neither smaller than nor equal to than Q’.

‘P $ Q’ means ‘P is not greater than Q’.

Now in each of the following questions assuming the given statements to be true, find which of the conclusions given below is/are definitely true?

Statement:

I % J % K # L $ M % N

Conclusion:

I. K * N

II. K * L

III. K % L

1
Only conclusion I is true
2
Only conclusion III is true 
3
Both conclusion II and III is true
4
Either conclusion I or II is true
5
Either conclusion II or III is true

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