Correct option is D
I. All pants are shirts.
II. All shirts are jackets.
III. Some jackets are sweaters.

II. Some sweaters are shirts. (Not Follows, Since not all jackets are shirts (some sweaters may not be shirts), there is no definite information that some sweaters are shirts.)
III. No pant is a sweater. (Not Follows, There is no information given about any relation or non-relation between pants and sweaters.)
Thus, correct option is (d).