Concept:
Krebs cycle (Citric Acid Cycle or TCA cycle) is a central metabolic pathway that plays both catabolic and anabolic roles.
• Catabolic role: Breakdown of acetyl Co-A to release energy (ATP, NADH, FADH$_2$).
• Anabolic role: Provides intermediates for biosynthesis (amino acids, nucleotides, etc.).
Step 1: Analyze Statement I.
Krebs cycle is amphibolic (both anabolic and catabolic).
Hence, Statement I is correct.
Step 2: Analyze Statement II.
Acetyl Co-A enters the cycle and its acetyl group (2C) undergoes stepwise oxidation:
• Carbon atoms are released as CO$_2$
• Energy is captured as NADH and FADH$_2$
Hence, Statement II is correct.
Step 3: Conclusion.
Both statements are correct.
Final Answer: Option (A)