Step 1: Understanding the Concept:
Glucokinase and hexokinase are involved in glucose phosphorylation.
They have different kinetic properties.
Step 2: Key Formula or Approach:
No specific formula.
Need to understand the properties of glucokinase and hexokinase.
Step 3: Detailed Explanation:
Statement I: Glucokinase has a high Km value.
It is active only when glucose concentration is high (fed state).
Thus, it phosphorylates glucose in hepatic cells during high blood glucose - correct.
Statement II: Hexokinase activity is decreased due to product inhibition.
When glucose is high, hexokinase is saturated with substrate - correct.
Thus, both statements are correct.
Step 4: Final Answer:
Both Statement I and Statement II are correct.
Hence, the correct option is (A).