Read the following statements : 

(i) The local names of organisms vary from place to place, even within a country
(ii) Biological names have been standardised using English language 
(iii) A particular organism species possess only one biological name/scientific name 
(iv) Scientific name assures that each organism has atleast two names 
(v) Binomial nomenclature system of naming organisms was given by Linnaeus 

How many of the above statements are correct ?