Correct option is B

I. Some bulbs being fans is a possibility.
This conclusion is logically possible. Since all fans are switches, and some bulbs are switches, it is possible that some bulbs could be fans. Therefore, conclusion I follows.
II. No fan is a vase.
Given that no switch is a vase and all fans are switches, it follows that no fan can be a vase. Therefore, conclusion II follows.
III. All switches are fans.
This conclusion does not logically follow. The statement "All fans are switches" does not imply that all switches are fans. There could be switches that are not fans. Therefore, conclusion III does not follow.
IV. No bulb is a vase.
This conclusion does not logically follow from the given statements. There is no direct information provided about the relationship between bulbs and vases, so this conclusion cannot be inferred. Therefore, conclusion IV does not follow.
Correct Conclusions:
Conclusions I and II follow.