The correct option is (B): Only I and either II or IV follow
Reason: Conclusion I ("No stairs is an escalator") follows because all stairs are lifts, and no lift is an escalator. Conclusion II ("Some helicopters are not escalators") is plausible but not definitively supported, while Conclusion IV ("Some helicopters are escalators") contradicts the statements. Therefore, only I and either II or IV can be considered valid.