Which of the following is a correct match of an animal and its specific characteristic?

Distinguish the characteristics for Chondrichthyes (Cartilaginous fishes) and Osteichthyes (Bony fishes) from the following list:
$I$ - Air bladder absent,$II$ - Operculum absent,$III$ - Cycloid or ctenoid scales,$IV$ - Placoid scales,$V$ - Ventral mouth,$VI$ - Terminal mouth,$VII$ - Internal fertilization,$VIII$ - External fertilization.
Select the correct grouping for Chondrichthyes and Osteichthyes respectively.

Statement $A$: All animals from Phylum $Annelida$ onwards possess a circulatory system.
Reason $R$: Coelomate organization is observed from Phylum $Annelida$ onwards.
Which option is correct for Statement $A$ and Reason $R$?

Identify the correct statement:

Identify the correct sequence of animal phyla in terms of evolution.

Choose the false option.