Correct Answer: Only conclusion (III) follows
Explanation:
(i) All cities are towns → Universal Affirmative (A - type).
(ii) Some cities are villages → Particular Affirmative (I - type).
(iii) No village is a town → Universal Affirmative (E - type).
(iv) Some villages are not towns → Particular Negative (O type).
Some villages are cities. ↔All cities are towns.
I + A ⇒I - type of Conclusion "Some villages are towns".
This is Conclusion III.
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