Which of the following phrases (I), (II), and (III) given below each sentence should replace the phrase printed in bold letters to make the sentence grammatically correct? Choose the best option among the five given alternatives that reflect the correct use of phrase in the context of the grammatically correct sentence. If the sentence is correct as it is, mark (e) i.e., “No correction required” as the answer. 

Q:

If you look at a Map of the World, you will see, in the left-hand upper corner of the Eastern Hemisphere, two Islands lying beside the sea.
I. lying beyond the sea
II. lying in the sea
III. lying on the sea

• 1
  Only I is correct
• 2
  Only II is correct
• 3
  Only I and III are correct
• 4
  Both I and II are correct
• 5
  No correction required