Step 1: Understanding the Question:
This question tests knowledge of the effects of waterlogging on plants.
Step 2: Detailed Explanation:
Waterlogging causes injury due to low oxygen and accumulation of toxic gases (CO2, H2S, hydrocarbons).
This statement is true.
Ethanol production and dehydrogenase activity increase (not decrease) in roots of waterlogged plants.
This is due to anaerobic respiration.
Thus, Statement II is false.
Step 3: Final Answer:
Thus, Statement I is correct but Statement II is false, which corresponds to option (C).
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