Which of the following statement/s about the given reaction is/are correct?

$3\mathit{Fe}\left(s\right)+4H_{2}O\left(l\right)\to F{e}_3{O}_4\left(s\right)+4H_2\left(g\right)$
 

I) Iron metal is getting oxidised.

 

II) Water is getting reduced.
 

III) Water is acting as a reducing agent.

 

IV) Water is acting as an oxidising agent.

In the given reaction, iron metal is getting oxidised and water is getting reduced. In addition to this, water is an oxidising agent.
Oxidation occurs when oxygen is added or hydrogen is removed. Fe is gaining oxygen to give $F{e}_2{O}_3.{\mathit{ H}}_{2}O$ is losing oxygen to give $H_2$. An oxidising agent is a substance that oxidises the other component in a chemical process. So, water is acting as an oxidising agent.