Concept:
White phosphorus reacts with hot aqueous alkali to form phosphine and sodium hypophosphite.
\[
P_4 + 3NaOH + 3H_2O
\rightarrow
PH_3 + 3NaH_2PO_2
\]
The oxidation state of phosphorus can be calculated using oxidation number rules.
Further, sulphur reacts with concentrated nitric acid as an oxidizing agent and gets converted into sulphuric acid.
Step 1: Identify the oxoacid salt formed in the reaction of white phosphorus with alkali.
White phosphorus reacts with aqueous sodium hydroxide according to the reaction
\[
P_4 + 3NaOH + 3H_2O
\rightarrow
PH_3 + 3NaH_2PO_2
\]
The sodium salt formed is sodium hypophosphite
\[
NaH_2PO_2
\]
which is derived from hypophosphorous acid
\[
H_3PO_2.
\]
Step 2: Calculate the oxidation state of phosphorus in \(H_2PO_2^{-}\).
Let the oxidation state of phosphorus be \(x\).
For the ion \(H_2PO_2^{-}\),
\[
x+2(+1)+2(-2)=-1
\]
\[
x+2-4=-1
\]
\[
x-2=-1
\]
\[
x=+1
\]
Hence, the oxidation state of phosphorus is
\[
\boxed{+1}
\]
Therefore Statement-I is correct.
Step 3: Examine Statement-II.
Sulphur reacts with concentrated nitric acid and gets oxidized to sulphuric acid.
\[
S + 6HNO_3
\rightarrow
H_2SO_4 + 6NO_2 + 2H_2O
\]
Only one gaseous product,
\[
NO_2
\]
is produced.
Hence the statement that sulphur gives two gaseous products is incorrect.
Therefore Statement-II is false.
Step 4: Draw the final conclusion.
\[
\text{Statement-I is True}
\]
\[
\text{Statement-II is False}
\]
Hence,
\[
\boxed{\text{Statement I is correct but Statement II is not correct}}
\]