Solution:From I:
Let the quantity of water in the mixture = ‘x’ litres
Then, quantity of milk in the mixture = (x + 60) litres
So, x + x + 60 = 180
2x + 60 = 180
So, x = (180 – 60) ÷ 2 = 60
Therefore, ratio of quantities of milk and water, respectively, in the mixture = 120:60 = 2:1
After replacing 60 litres of the mixture with 45 litres of water,
Quantity of milk in the resultant mixture = (180 – 60) × (2/3) = 80 litres
Quantity of water in the resultant mixture = (180 – 60) × (1/3) + 45 = 85 litres
So, ratio of quantity of milk to that of water in the resultant mixture = 80:85 = 16:17 ≠ 3:4
So, I is false.
From II:
Let the quantity of water in the mixture = ‘x’ litres
Then, quantity of milk in the mixture = (x + 36) litres
So, x + x + 36 = 180
Or, 2x + 36 = 180
So, x = (180 – 36) ÷ 2 = 72
Therefore, ratio of quantities of milk and water, respectively, in the mixture = 108:72 = 3:2
After replacing 60 litres of the mixture with 48 litres of water,
Quantity of milk in the resultant mixture = (180 – 60) × (3/5) = 72 litres
Quantity of water in the resultant mixture = (180 – 60) × (2/5) + 48 = 96 litres
So, ratio of quantity of milk to that of water in the resultant mixture = 72:96 = 3:4
So, II is true.
From III:
Let the quantity of water in the mixture = ‘x’ litres
Then, quantity of milk in the mixture = (x + 72) litres
So, x + x + 72 = 180
Or, 2x + 72 = 180
So, x = (180 – 72) ÷ 2 = 54
Therefore, ratio of quantities of milk and water, respectively, in the mixture = 126:54 = 7:3
After replacing 60 litres of the mixture with 80 litres of water,
Quantity of milk in the resultant mixture = (180 – 60) × (7/10) = 84 litres
Quantity of water in the resultant mixture = (180 – 60) × (3/10) + 80 = 116 litres
So, ratio of quantity of milk to that of water in the resultant mixture = 84:116 = 21:29 ≠ 3:4
So, III is false.
Hence, option b.