In each of the questions below, four statements are given followed by four conclusions numbered I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance from 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
Some files are folders.
Some folders are boxes.
All boxes are bags.
Some bags are trunks.
Conclusions
I. Some bags are folders.
II. Some boxes are trunks.
III. Some bags are files.
IV. Some trunks are folders.