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The correct answer is 4: statements I, II, and III are correct.
Statement I: The European Union was indeed known as the European Community earlier. This name was used until 1993 when the name European Union was adopted.
Statement II: Both The Single European Act and the Maastricht Treaty were significant in forming the European Union. The Single European Act was the first major revision of the 1957 Treaty of Rome and the Maastricht Treaty established the three pillars of the Union: Political Union, Economic and Monetary Union, and Justice and Home Affairs.
Statement III: Citizens of European Union countries do have dual citizenship, meaning they are citizens of their own country as well as of the Union. This enables them to live, work and vote in any EU country.
Statement IV is incorrect because Switzerland is not a member of the European Union. They have multiple bilateral agreements with EU, but they are not a member state. Thus, options 1, 2 and 3 which include statement IV are incorrect.