Step 1: Concept
A prime number is a natural number greater than 1 that is not a product of two smaller natural numbers; it is only divisible by 1 and itself.
Step 2: Analysis of Statement I
'p' is an odd number. Some odd numbers are prime (3, 5), and some are not (9, 15). Not sufficient.
Step 3: Analysis of Statement II
'p' is not divisible by any number other than 1 and itself. This is the exact definition of a prime number. Statement II alone is sufficient.
Step 4: Conclusion
Statement II alone is sufficient, so the answer is (2).
Final Answer: (2)