The correct option is B Only conclusion II is true.
From the statements,
L ≤ E = A > P; Y ≥ E > R.
For the conclusion I, P < A = E > R ⇒ P < E > R.
P and R both are less than E.
So, the conclusion I is not true.
For conclusion II,
A = E ≤ Y
⇒ A ≤ Y
So, conclusion II is true.