Let us begin by defining a disjunction
Disjunction, in logic, relation or connection of terms in a proposition to express the concept “or”; it is a statement of alternatives (sometimes called “alternation”).
In disjunction, the compound proposition is false only if both statements (disjuncts) are false.
(i)

The first statement is false and the second is true
Answer: True
(ii)

The first statement is true and the second is also true
Answer: True
(iii)

The first statement is false and the second is false
Answer : False
(iv)

The first statement is true and the second is false
Answer: True
Hence, the disjunction that is false is Option 3