Which of the following statements is incorrect?

Which of the following represents the order of the 'Horse'?

Which of the following statements are not correct?
$(i)$ Lower the taxon,more are the characteristics that the members within the taxon share.
$(ii)$ Order is the assemblage of genera which exhibit a few similar characters.
$(iii)$ $Cat$ and $dog$ are included in the same family Felidae.
$(iv)$ Binomial nomenclature was introduced by Carolus Linnaeus.

The most recent branch of taxonomy is:

Read the following statements :
$(i)$ Classification is a single step process.
$(ii)$ Classification involves a hierarchy of steps in which each step represents a rank or category.
$(iii)$ Taxon is a unit of ecological hierarchy.
$(iv)$ Mango does not represent any taxon.
$(v)$ Taxonomic categories are distinct biological entities and not merely morphological aggregates.
How many of the above statements are correct?

Describe the importance of nomenclature.