Given below are three quantities named I, II & III. Based on the given information, you have to determine the relationship between the three quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Consider only numerical values.

Bag 1 contains 10 Blue balls and 6 Red balls and whereas Bag 2 contains 12 Red balls and 8 blue balls 

Quantity I - If one ball is drawn simultaneously from each bag, then the probability of the balls being drawn is of blue colour.

Quantity II - If one ball is drawn simultaneously from each bag, then the probability of the balls being drawn is of the same colour.

Quantity III - If one ball is drawn simultaneously from either of the two bags, then the probability of the ball being drawn is of blue colour.