I. It includes unicellular as well as multicellular fungi.II. In multicellular forms hyphae are branched and septate.III. Conidiophore produces conidia (spores) exogenously in chain.IV. Sexual spores are ascospores produced endogenously in Ascus.V. Fruiting body is called ascocarp.The above characters are shown by:

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Phycomycetes

Sac fungi

Club fungi

Fungi imperfecti

answer is B.

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Detailed Solution

Ascomycetes or sac fungi have all the characters mentioned in I, II, III, IV and V

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