Correct option is C
Given:
"India-based industrialist, Mukesh Ambani is Asia's richest person this year."
Conclusion I: "He is also the richest person of India." ( True)
This conclusion logically follows. If Mukesh Ambani is the richest person in all of Asia, then he would certainly be the richest person in India as well, since India is part of Asia.
Conclusion II: "He is not the richest person of India." (False)
This conclusion contradicts the statement. If Mukesh Ambani is the richest person in Asia, he would be the richest person in India too.
Conclusion I logically follows,while Conclusion II does not logically follow.
thus, option (C) is the correct answer.