Question: The tags used for specifying fonts BOLD and Italic in HTML are (i) “<B>” (ii) “<I>” (iii) “<U>” (iv) “<L>”

Answer:

The correct tags used for specifying fonts as BOLD and Italic in HTML are:

(i) `<B>`: The `<B>` tag is used to apply bold formatting to text. For example:

```html
This is <b>bold</b> text.
```

The output will be: "This is bold text."

(ii) `<I>`: The `<I>` tag is used to apply italic formatting to text. For example:

```html
This is <i>italic</i> text.
```

The output will be: "This is italic text."

(iii) `<U>`: The `<U>` tag is used to underline text, not for specifying fonts as bold or italic. For example:

```html
This is <u>underlined</u> text.
```

The output will be: "This is underlined text."

(iv) `<L>`: There is no standard HTML tag `<L>` for specifying font styles. It is not a valid tag for specifying bold or italic fonts.

To summarize, the correct tags for specifying fonts as BOLD and Italic in HTML are `<B>` for bold and `<I>` for italic.

```html
This is <b>bold</b> text.
```

```html
This is <i>italic</i> text.
```

```html
This is <u>underlined</u> text.
```