Explanation : Given L1 and L2 are context free languages and R is a regular language.
I. L1 ∪ L2 is context free is CORRECT, context free language are closed under union operation.
II.
L1 is context free is INCORRECT, context free languages are not closed under complement operation.
III. L1 - R is Context free is CORRECT.
L1 - R = L1 ∩ R,
Context free intersection Regular is always Context free.
IV. L1 ∩ L2 is context free is INCORRECT; context free languages are not closed under complement operation.