I think that option 4 is correct
because mammalian lungs are not solid(they contain air sacs = alveoli) but they are spongy,
statement 2 is correct for that you have to read sub-topic circulation in foetus of std 12 combining with concepts of respiration and circulation of std 11
statement 3 is wrong as residual volume is never expelled out of body,we can expell on expiratory reserve volume through forceful respiration as if we expire RV then there will be vacuum created in lungs and they will collapse
statement 4 is also wrong