Step 1: Understanding the Question:
This question tests knowledge of the quality parameters of jute and cotton.
Step 2: Detailed Explanation:
Ginning percentage, colour, trash, fibre quality, and fibre length are important commercial parameters for jute.
This statement is true.
Ribboning, retting, and extraction are processes associated with jute, not cotton.
Cotton quality parameters include: fibre length, strength, fineness, maturity, and colour.
Thus, Statement I is correct, but Statement II is false.
Step 3: Final Answer:
Thus, Statement I is correct but Statement II is false, which corresponds to option (C).
[0.5cm]