The correct option is B I and II
I. Starch is a polysaccharide. It is almost insoluble in cold water but relatively more soluble in boiling water.
Thus, statement I is correct.
II. Starch solution gives blue colour with I2 solution in cold. Amylose, a component of starch, gives this blue colour with iodine.
Thus statement II is correct.
III. Starch is non-reducing sugar as the aldehyde group is not free.
Hence, statement III is incorrect.
IV. Starch cannot form osazone as the aldehyde group is not free.
Hence, statement IV is incorrect.