Step 1: Understanding the Concept
The genetic code is a triplet code, non-overlapping, comma-less, degenerate, nearly universal and has fixed polarity.
Step 2: Check the statements
(i) is true as a codon has three bases.
(ii) is true as mRNA is read from the 5' end to the 3' end.
(iii) is false as the code is non-overlapping.
(iv) is false as it was deciphered by Nirenberg, Matthaei, Khorana and Ochoa, not Watson and Crick.
Step 3: Conclusion
Only (i) and (ii) are correct.
Final Answer:
Only statements (i) and (ii) are correct.
\[ \boxed{\text{(B) }\text{Statement (i) and Statement (ii) are correct.}} \]