Step 1: Concept
Rubisco is a multimeric enzyme found in chloroplasts, consisting of large (L) and small (S) subunits.
Step 2: Meaning
In most plants, the synthesis of Rubisco involves coordinated expression between two different genomes.
Step 3: Analysis
The gene for the large subunit ($rbcL$) is actually located in the chloroplast (plastid) genome, while the gene for the small subunit ($rbcS$) is located in the nucleus. The statements provide the exact opposite of this biological reality.
Step 4: Conclusion
Because Statement I and Statement II swap the locations of the genes, both are incorrect.
Final Answer: (B)