Step 1: Concept
A perfect square is an integer that is the square of an integer (e.g., $n^2$).
Step 2: Analysis of Statement I
'x' is a positive integer (e.g., 1, 2, 3, 4...). Some are perfect squares (1, 4), and some are not (2, 3). Not sufficient.
Step 3: Analysis of Statement II
'x' is the product of two equal prime numbers. Let the prime number be 'p'. Then $x = p \times p = p^2$. By definition, $p^2$ is a perfect square. Statement II alone is sufficient.
Step 4: Conclusion
Since Statement II alone is sufficient, the correct answer is (2).
Final Answer: (2)