Step 1: Evaluate statement (i).
Kyoto Protocol follows the principle of “Common but Differentiated Responsibilities (CBDR)”.
This means developed countries (Annex I) have greater obligations, while developing countries (like India) have fewer binding targets.
Thus, it is not “equal responsibility” for all.
Hence, (i) is FALSE.
Step 2: Evaluate statement (ii).
The Kyoto Protocol indeed introduced three flexible mechanisms:
- Clean Development Mechanism (CDM) – allows developed countries to invest in emission-reduction projects in developing countries.
- Joint Implementation (JI) – allows developed countries to invest in other developed/transition economies.
- International Emission Trading (IET) – allows trading of emission allowances between countries.
Thus, (ii) is TRUE.
Step 3: Evaluate statement (iii).
India, being a developing country, had no binding emission reduction targets under Kyoto Protocol.
The statement about “reducing emissions by half by 2050” relates to voluntary commitments under later climate frameworks (like Paris Agreement), not Kyoto.
Hence, (iii) is FALSE.
Final Answer:
\[
\boxed{\text{(B) only (ii) is TRUE}}
\]