Find out the correct statement.
(i) The area where less than 10,000 people are living is called as Town Panchayat.
(ii) Members and President of the town Panchayat are directly elected by the people.
(iii) Their term office is 5 years.
(iv) There is one Executive officer to look after the administration of the Town Panchayat.
(a) (i) and (ii) are correct
(b) (ii) and (iii) are incorrect
(c) (i), (ii) and (iii) are incorrect
(d) (ii), (iii) and (iv) are correct