Step 1: Understanding the Concept:
DNA polymerases are the primary enzymes responsible for synthesizing new DNA strands during replication in *Escherichia coli*.
These enzymes differ significantly in their subunit composition, molecular mass, and specific enzymatic activities.
Step 2: Detailed Explanation:
Let us evaluate both statements:
Statement (I) is incorrect.
DNA polymerase I in *E. coli* is a single polypeptide chain with a molecular weight of approximately \( 103,000 \) to \( 109,000 \) daltons (not \( 199,000 \) daltons).
It plays a major role in removing RNA primers and filling the gaps during replication and repair.
Statement (II) is correct.
DNA polymerase III is the primary replicative enzyme complex in *E. coli*.
The functional enzyme exists as a large multiprotein complex called the DNA polymerase III holoenzyme.
This holoenzyme consists of ten different types of subunits organized into a dimeric structure, with a total molecular mass of approximately \( 900,000 \) to \( 988,000 \) daltons.
Therefore, Statement (I) is false, but Statement (II) is true.
Step 3: Final Answer:
Statement (I) is incorrect but Statement (II) is correct.