Given below are two statements.
Statement I - Glycolysis occurs in cytoplasm of the cell.
Statement II - Glycolysis is a common process in aerobic as well as anaerobic respiration.
In the light of above statements, select the correct option given below:
Both statement I and statement II are correct.
Both statement I and statement II are incorrect.
Statement I is correct but statement II is incorrect.
Statement I is incorrect but statement II is correct.