Study the following and identify the correct statements:
I. The alleles I{A} and I{B} regarding blood groups are dominant over I{O}, and I{A} and I{B} are co-dominant.
II. In some fishes, reptiles and birds, females are heterogametic (ZW) and males are homogametic (ZZ).
III. Genic balance theory states that Y-chromosome is essential for determination of sex in male Drosophila.
IV. Person with O blood group are called universal donors because their RBC contain both antigens A and B.