Read the passage carefully and answer the following questions from (i) to (v):
When two or more reactants combine to form a single product, the reaction is named a combination reaction. For example, calcium oxide reacts vigorously with water to form calcium hydroxide. The reaction is highly exothermic in nature. A lot of heat is produced during the reaction.
Calcium oxide + Water → Calcium hydroxide
Solution of calcium hydroxide is used to white-wash walls. It reacts slowly with carbon dioxide present in the air to form a thin layer of carbonate which gives a shiny appearance.

(iii) Following observations were recorded when calcium oxide reacts vigorously with water. Identify the incorrect observations:
I. It is an endothermic reaction
II. Slaked lime is produced
III. Quick lime is produced
IV. It is an exothermic reaction
(3)
I and III