Directions: In the question below are given three statements followed by three conclusions. 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:

All Purse are Wallet.

Some Wallet are not Handbags.

No Handbag is Bags.

Conclusions:

I. Some Bags are not Handbags.

II. All Wallet being Handbags is a possibility.

III. No Handbag is Bags.