In given question, two/ three statements followed by two conclusions numbered I and II have been given. You have to take the given statement to be true even if they seen to be at variance from the commonly facts and then decide which of the given conclusions logically follow from the given statement disregarding commonly know facts:
Statements : Some wins are trophies.
Some trophies are cups.
No cup is a prize.
Conclusions : I. At Least some cups are wins.
II. All prizes being trophies is a possibility.

Explanation

(e) Neither conclusion I nor II is true