NaBH$_4$ reacts with I$_2$ and gives a salt and two gases Y, Z. The gas Y is toxic in nature. Z is a combustible gas. The correct statements regarding Y, Z are:
• I. Y with NaH forms a compound which acts as a good reducing agent.
• II. Y on hydrolysis gives a monobasic acid.
• III. Z is used in Haber’s process.
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Diborane contains 3-center-2-electron (banana) bonds due to electron deficiency.