II and III
III and IV
I and II
I and IV
The saponification reaction is exothermic in nature, because heat is liberated during the process. It is an alkaline hydrolysis process and the soap solution is basic and hence, turns red litmus paper blue whereas there is no effect on blue litmus paper. Option I is correct because the reaction is exothermic and the solution is basic, turning red litmus blue. Option II is also correct because the reaction is exothermic and the solution is basic, meaning blue litmus paper will not change color. Therefore, Option I and II are correct.