Correct option is A
From the given statement following diagram can be drawn-

Conclusions:
Some cups are trays: Since some cups are plates and all plates are trays, it follows that some cups must also be trays. So, Conclusion I follows.
All trays are cups: This is not necessarily true. We only know that all plates are trays, but we have no information suggesting that all trays are cups. So, Conclusion II does not follow.
Thus, the correct answer is (a) Only conclusion I follows.