Correct Answer - Option 5 : Both I & III are True

Given Statement: R > A ≤ J = N; S < A = T ≥ Y < M

On combining: M > Y ≤ T = A ≤ J = N; S < A < R

Conclusion:

I. R > S → True (as R > A > S → R > S)

II. T = N → False (as T = A ≤ J = N → T ≤ N)

III. Y ≤ J → True (as Y ≤ T = A ≤ J → Y ≤ J)

Therefore, both conclusions I & III are true.