Two statements are given followed by four conclusions I, II, III and IV. You have to consider these statements to be true, even if they seem at variance from commonly known facts. Decide which of the given conclusions logically follow/s from the given statement.

Statements:

1. All papers are stationery.

2. Some papers are books.

Conclusions:

I. Some stationery are papers.

II. No stationery is paper.

III. No book is stationery.

IV. Some books are papers.

Only conclusions I and IV follow.

Only conclusions I and IV follow.