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Each option can be critically evaluated as follows:
Option 1: I, II and IV. Statement 1(I) is incorrect. As of now, there are 25 high courts in India - not 18 as suggested. Statement II is correct; three high courts (Guwahati, Bombay and Punjab & Haryana High Courts) have jurisdiction over more than one state. Statement IV is also correct, Judges of the High Court hold office till the age of 62.
Option 2: II and III. As explained above, Statement II is correct. However, Statement III is incorrect. Delhi, a Union Territory, has its own high court. Hence, this option is partially correct.
Option 3: I and IV. As already discussed, Statement I is incorrect. However, Statement IV is correct.
Option 4: IV only. This is the correct option as only one of the statements (IV) is accurate, and that is Judges of the High Court hold office till the age of 62. The other statements have one or more inaccuracies. So, the correct answer is Option 4: IV Only.