Difficulty: Easy
Correct Answer: Both Conclusions I and II follow
Explanation:
Given data
Concept/Approach
 Transitivity of containment validates I. Under standard MCQ convention assuming existence of pencils, at least one pencil exists, so that element is an ink; hence "Some inks are pencils" holds. 
Step-by-step evaluation
 I: Directly true by transitivity (pencils ⊆ inks). II: From existence of at least one pencil in the subset, "some" particular of inks is indeed a pencil. 
Final Answer
 Both Conclusions I and II follow 
Discussion & Comments