Step 1: Understanding the Concept
Natural selection can be stabilising, directional or disruptive depending on which part of the distribution curve is favoured.
Step 2: Statement I
In disruptive selection the individuals at both peripheral ends of the curve are favoured and the average ones are reduced, so the curve splits into two peaks. Statement I is correct.
Step 3: Statement II
Industrial melanism (peppered moth) shows a shift of the population towards dark forms, which is directional selection and not disruptive selection. Statement II is incorrect.
Step 4: Compare the options
Statement I is correct and statement II is incorrect, which matches the third option.
Final Answer:
Statement I is correct and statement II is incorrect.
\[ \boxed{\text{(C) }\text{Statement I is correct but statement II is incorrect.}} \]