Step 1: Understanding the statements.
- Statement i) is true; alleles of a gene are typically located on different loci on homologous chromosomes.
- Statement ii) is false; an allele does not individually control a trait, but the interaction of alleles controls traits.
- Statement iii) is false; an allelic pair typically controls a single trait, not two traits.
- Statement iv) is true; an allelic pair controls a single trait, with one allele from each parent.
Step 2: Conclusion.
The correct answer is (B) Two, as only two statements are true.