Directions:  In the question given below, a situation is given, followed by five statements that throw more light on the context of the situation. You have to take the given statements to be true even if they seem to be at variance from commonly known facts. Carefully analyze the situation and choose the option that depicts the correct relationship between the statements and the situation.

605 million people in the world are estimated to know how to play chess over 8 million are registered competitively, representing over 180 countries. Despite its presence throughout history and geography, and despite having been recognized as a sport by the International Olympic Committee in 1999, chess has never been a discipline in the Olympic Games.

I. Numerous studies have shown that chess has large cognitive benefits, strengthening a wide range of skills; problem-solving, decision-making, memory, mathematics, logic, and creative thinking.

II. Olympics only includes physical sports in its list rather than mind sports.

III. Chess is not a predominantly physical sport, yet neither is shooting and curling, which are a part of the Olympics.

IV. The sports in the Olympics promote good values: they display attributes and disciplines that we want to encourage in society and children in particular and Chess is no different from this.

V. Chess is among the sports with the greatest number of federations and active participants worldwide having a large fan base, however, is completely unrepresented in the world's largest sports competition.