• I: Sertoli cells are stimulated mainly by FSH and are involved in spermiation — the pairing “Sertoli cells — Luteinising hormone” is incorrect (should be FSH). So I is not a correct full combination.
• II: Leydig cells produce testosterone which brings about secondary sexual characters in males — II is correct.
• III: Corpus luteum mainly secretes progesterone (and some estrogen) and is not involved in spermiogenesis — III is incorrect.
• IV: Luteinising hormone acts on a mature follicle (Graafian follicle) to induce ovulation — IV is correct.
• Therefore the correct combinations are II, IV — option (1).