Bulb (I): Rated current I1=VP =22040=112A
Resistance, R1=PV2 =40(220)2=1210Ω
Bulb (II): Rated current, I2=220100 =115A
Resistance, R2=100(220)2=484Ω
When both are connected in series across 40V supply
Total current through supply R1=R1+R240=1210+48440 =169440=0.023A
This current is less than the rated current of each bulb. So neither bulb will fuse.