Read the following table:

Metal	Reaction with
	${\mathrm{ZnSO}}_4$ solution	${\mathrm{FeSO}}_4$ solution	${\mathrm{CuSO}}_4$ solution
X	No reaction	No reaction	No reaction
Y	No reaction	No reaction	Displacement reaction
Z	Displacement reaction	Displacement reaction	Displacement reaction

Based on the above table consider the following statements
 I. Reaction of Y with ${\mathrm{CuSO}}_4$ solution produces $\mathrm{Cu}$ metal.
 II. Z is the most reactive element and X is the least reactive.
 III. Y is more reactive than X and less reactive than Z.
 IV. Metal Y produces $\mathrm{Zn}$ on reaction with ${\mathrm{ZnSO}}_4$ solution.

Which of the following options gives the correct statements?