Answer : 2. "I, II और III सही हैं"
Explanation :

There are taxes that are levied and collected by the Union, but the entire proceeds of which are assigned to the states, in the proportion determined by the Parliament. 

These taxes include Succession and Estate duty; Terminal Taxes on goods and passengers; Taxes on railway freight and fares; Taxes on transactions in stock exchanges and futures markets; and Taxes on the sale and purchase of newspapers and advertisements therein. 

Hence Taxes on Advertisements were levied and collected by the centre but their net proceeds are wholly transferred to states. 

After 2017 this tax was subsumed under GST.