The correct option is E I, II, and III
Photosynthesis is the fixation of atmospheric carbon dioxide into organic compounds; use of water as the electron donor by photoautotrophs during photophosphorylation results in the production of oxygen. Light reaction of photosynthesis includes trapping of Sunlight by chlorophyll a and other accessory pigments and production of ATP and NADPH. Aerobic respiration is the breakdown of sugar/other food substances in the presence of oxygen to released energy. It includes glycolysis, Krebs cycle and electron transport chain. Glycolysis and Kreb cycle produce reducing compounds NADH, FADH2 which are then oxidized in the presence of oxygen by the process of chemiosmosis to produce a large amount of ATPs. Anaerobic respiration/Fermentation is incomplete oxidation of food substances into alcohol and lactic acid with small amount of energy being released. This makes option E correct answer.