Step 1: Understanding the Concept:
A black body is an ideal absorber and emitter of radiation.
The sun approximates a black body.
Step 2: Key Formula or Approach:
No specific formula.
Need to understand the characteristics of a black body.
Step 3: Detailed Explanation:
The sun behaves as a black body.
This is true because it absorbs and emits radiation efficiently.
However, the sun does not absorb all energy received.
It reflects some radiation.
It also does not radiate at the maximum rate for its temperature.
Thus, Statement I is true, but Statement II is false.
Step 4: Final Answer:
Statement I is true but Statement II is false.
Hence, the correct option is (C).