Hi Akashdeep13,
When posting GMAT questions, you should make sure to post the ENTIRE prompt (including the 5 answer choices). In many cases, the answers themselves provide a clue as to how to go about solving the problem.
Here, I think that there's a typo in your post. I assume that the equation is supposed to be...
X = -|X|
You can approach this prompt with logic and Number Properties or by TESTing VALUES.
Since the absolute value of a number will either be 0 or positive, when you put a "-" in front of that math, you could end up with either a 0 OR a negative result. As such, the given equation means that X could either be 0 OR X could be negative. So Roman Numerals I and III could be true.
GMAT assassins aren't born, they're made,
Rich