Step 1: Understanding the Question:
This question tests the understanding of biological nitrogen fixation, the nature of the nitrogenase enzyme complex, and the specific physiological requirements of nitrogen-fixing bacteria like Azospirillum.
Step 2: Detailed Explanation:
• Sensitivity of Nitrogenase (Statement I): The nitrogenase enzyme is responsible for breaking the triple bond of $N_2$ gas to form ammonia. This enzyme consists of two metalloproteins: the Fe-protein (dinitrogenase reductase) and the MoFe-protein (dinitrogenase). Both components are extremely sensitive to molecular oxygen ($O_2$), which irreversibly poisons the Fe-S clusters in the enzyme. This is a universal characteristic of all known nitrogenases. Therefore, Statement I is true.
• Physiology of Azospirillum (Statement II): Azospirillum is a genus of free-living, associative nitrogen-fixing bacteria commonly found in the rhizosphere of grasses. Since they are aerobic organisms but possess an oxygen-sensitive nitrogenase, they have evolved to fix nitrogen only under microaerophilic conditions. Microaerophilic refers to environments where the oxygen concentration is significantly lower than that of the atmosphere (typically 1-5% $O_2$). This level is low enough to prevent nitrogenase inactivation but high enough to support aerobic respiration. Therefore, Statement II is true.
• Integration: Both statements highlight the biochemical constraint of nitrogen fixation (oxygen sensitivity) and the ecological strategy used by certain bacteria to overcome it.
Final Answer:
Since both the sensitivity of the enzyme and the microaerophilic requirement of Azospirillum are scientifically accurate, both statements are true.