To answer this question, let's go through each option to understand why it is correct or incorrect:
Option A) Options i, ii, iii, iv are true - This option is incorrect. While verification does help to check the quality of the built product (i), it does not involve helping to check that we have built the right product (ii) or in developing the product (iii). Additionally, it does not involve monitoring tool wastage and obsoleteness (iv).
Option B) i is true and ii, iii, iv are false - This option is correct. Verification does help to check the quality of the built product (i), but it does not involve checking if we have built the right product (ii), developing the product (iii), or monitoring tool wastage and obsoleteness (iv).
Option C) i, ii, iii are true and iv is false - This option is incorrect. While verification does help to check the quality of the built product (i), it does not involve checking if we have built the right product (ii) or in developing the product (iii). However, it does not involve monitoring tool wastage and obsoleteness (iv).
Option D) ii is true and i, iii, iv are false - This option is incorrect. While verification does not involve checking if we have built the right product (ii), it does help to check the quality of the built product (i). Additionally, it does not involve developing the product (iii) or monitoring tool wastage and obsoleteness (iv).
The correct answer is B.