Step 1: Understanding the Concept
Vernalization is the promotion of flowering by a period of low-temperature treatment.
Step 2: Statement I
It is true. In annuals such as winter wheat, rye and barley, the cold treatment is effective on germinating seeds, while biennials respond later at the seedling or rosette stage.
Step 3: Statement II
It is true. The cold stimulus is perceived by actively dividing cells, mainly the shoot apical meristem (embryo tip in a seed).
Final Answer:
Both statements are correct, option (A).
\[ \boxed{\text{(A) }\text{Both statement I and statement II are correct}} \]