Option A — I, II and III
Power sharing deepens democracy (I), reduces conflicts among social groups (II), and ensures political stability (III). Statement IV is incorrect — power sharing reduces socio-economic struggles, it does not bring them.
The textbook (Chapter 1) states power sharing reduces conflict, ensures stability, and is the spirit of democracy. Statement IV is a distractor — "bringing socio-economic struggles" is not a benefit of power sharing; it contradicts the purpose. Eliminate options containing IV (B, C, D), leaving A as correct.