Read the following statements thoroughly and identify whether they are true or false. Choose the right option accordingly.
$I.$ Bile is produced and stored in the liver and gall bladder,respectively.
$II.$ Common bile duct is the fusion of the right and left hepatic duct.
$III.$ Hepato-pancreatic duct opens into the proximal part of the small intestine.
$IV.$ Pancreas consists of two parts,exocrine and endocrine.
$V.$ Pepsinogen,a secretion of chief cells,is activated by hydrochloric acid.
$VI.$ Peptides are converted into dipeptides with the action of carboxypeptidase.

• A
  All statements are true except $I$.
• B
  All statements are true except $II$.
• C
  All statements are true except $III$.
• D
  All statements are true except $IV$.