According to IAS $37$ Provisions, Contingent Liabilities and Contingent Assets, some of the following recognition criteria must be considered when a provision is recognised?$1.$ A duty or responsibility that an entity has no practical ability to avoid.II$.$ The probability that the event will occur is greater than the probability that it will not.III. Determine a range of possible outcomes and make an estimate of the obligation that is sufficiently reliable to use in recognising a provision.IV$.$ The decision made by the judge is certain.Which of the following options is correct?O I, and Il only.O I, Il and Ill only.O Ill and IV only. I, II$,$ Ill and IV$.$