Step 1: Analyze Statement I.
Cellulose consists only of glucose units.
Therefore it is a homopolymer, not a heteropolymer.
Statement I is incorrect.
Step 2: Analyze Statement II.
Trypsin is a digestive enzyme.
It is not a hormone.
Statement II is incorrect.
Step 3: Analyze Statements III and IV.
Arthropod exoskeleton contains chitin. \(\checkmark\)
Inulin is a fructose polymer. \(\checkmark\)
Hence only I and II are incorrect.
\[
\boxed{\text{Option (A)}}
\]