The correct answer is option b) II only.
If a and b are natural numbers, then the following must also be a natural number:
I. a - b
II. ab
III. a/b
Option I is not always true. For example, if a = 3 and b = 5, then a - b = -2, which is not a natural number. Therefore, option a) I only is not correct.
Option II is always true. The product of two natural numbers is always a natural number. Therefore, option b) II only is correct.
Option III is not always true. For example, if a = 5 and b = 2, then a/b = 2.5, which is not a natural number. Therefore, option c) III only is not correct.
Since options I and III are not always true, option d) I and II only and option e) II and III only are also not correct.
Therefore, the correct answer is option b) II only.