Python, 22.1 Chaining Mutliple Conditions question is wrong?

Question

In the chaining multiple conditions question, I ran the code in the question through an online IDE and got the wrong answer. I got yes instead of no.
Can someone please explain how the answer is no?
x = 4
y = 2
if not 1/1==y or x==4 and 7==8:
print("yes")
elif x>y:
print("no")

Answer 1

both conditions are true
1/1 not equal to y
x grater then y
If multiple conditions become True , then the first block will be executed.