I'm not sure what that's a mnemonic for, but I'm glad to see I've made it into one!
Also, no: question 1 asks what have you that's obsolete (but could still be used, ie an old tape recorder if you have tapes for it etc) but question 4 asks about something you have which has no use, eg perhaps a wind-up toy with the spring gone, a book with no pages left, a sweeping brush without a head or something that only runs on old batteries that are no longer made, maybe. Different question entirely. One COULD be useful, though obsolete, the other has NO use at all.
Like me.