Step 1: Understanding the Concept:
Bacteriological dye reduction testing: MBRT measures the rate of microbial metabolic electron transfer depressing milk redox potential ($E_h$), utilizing standardized pharmaceutical salts of methylene blue (methylene blue chloride methylene blue thiocyanate tablets).
Key Formula or Approach:
\[ \text{MBRT: Active Microbial Respiration} \implies \text{DO Depletion } + E_h \text{ Drops } (+0.30\text{V} \rightarrow +0.06\text{V}) \implies \mathbf{\text{Methylene Blue (Blue)} \xrightarrow{\text{Reduced}} \text{Leucomethylene Blue (Colorless)}} \]
Step 2: Detailed Explanation:
1. Statement I: The Methylene Blue Reduction Test (MBRT) is a rapid bacteriological grading method based directly on the Oxidation-Reduction Potential ($E_h$) of milk. Growing bacteria consume dissolved oxygen and donate electrons, dropping the redox potential from $+0.30\text{ V}$ to $+0.06\text{ V}$, which reduces colored blue methylene blue to colorless leucomethylene blue. Hence, Statement I is true.
2. Statement II: Standard MBRT tablet formulations (standardized by National Collection of Dairy Organisms Standard Methods) are manufactured using certified Methylene Blue Chloride (or Methylene Blue Thiocyanate salt, $8.8\text{ mg}$ dye/tablet) to prepare standardized $1:25,000$ aqueous working dye solutions. Hence, Statement II is true.
Step 3: Final Answer:
Therefore, Both Statement I and Statement II are true, corresponding to option (A).