Alternate approach — Munsell system components:
The Munsell colour system describes any colour using three independent attributes, Hue (the chromatic composition, i.e. the actual colour such as red or blue), Value (lightness/darkness), and Chroma (colour purity/saturation). Since Hue is explicitly defined as the attribute representing chromatic composition, Statement (I) is true.
For Statement (II), the Munsell hue circle is built from five principal hues, Red, Yellow, Green, Blue, and Purple, placed at equal intervals around the colour wheel, with five intermediate hues between them, giving ten major hue divisions in total. Since the five principal hues are indeed Red, Yellow, Green, Blue, and Purple, Statement (II) is also true.
Both statements verified independently, confirming option Both Statement (I) and Statement (II) are true.