The correct answer is: Only conclusion I follows.
The first statement, “Quality has a price tag,” means that quality things usually cost more than things of lower quality. The second statement, “India is allocating lots of funds to education,” means that the Indian government is spending a lot of money on education.
Conclusion I, “Quality of education in India would improve soon,” is a logical conclusion based on the two statements. If the Indian government is spending a lot of money on education, then it is likely that the quality of education in India will improve.
Conclusion II, “Funding alone can enhance quality of education,” is not a logical conclusion based on the two statements. The first statement says that quality has a price tag, but it does not say that funding is the only way to improve quality. There are other factors that can affect the quality of education, such as the quality of teachers, the quality of facilities, and the quality of curriculum.
Therefore, the correct answer is: Only conclusion I follows.