Step 1: Understanding the Concept
VNTRs (variable number of tandem repeats) are repetitive DNA sequences whose number of repeats differs between individuals.
Step 2: Statement (I)
DNA fingerprinting identifies differences in VNTR patterns between individuals, so saying it identifies similarities is wrong. Statement (I) is incorrect.
Step 3: Statement (II)
Since the number of repeats varies, the length of the VNTR region is different in each individual. This gives a unique band pattern after hybridisation with a VNTR probe. Statement (II) is correct.
Step 4: Conclusion
Statement (I) is incorrect but Statement (II) is correct.
Final Answer:
Statement (I) is incorrect and Statement (II) is correct.
\[ \boxed{\text{(D) }\text{Statement (I) is incorrect but Statement (II) is correct.}} \]