Step 1: Understanding the Concept:
Transcription (RNA synthesis) and replication (DNA synthesis) differ in their enzymatic mechanics, proofreading capabilities, and fidelity.
Step 2: Detailed Explanation:
- Statement (A) is true: Unlike DNA polymerases, RNA polymerases generally lack a highly efficient $3'\rightarrow5'$ proofreading exonuclease activity.
Although some RNA polymerases have minor backtracking nuclease capabilities, they do not possess a dedicated active site for proofreading.
- Statement (B) is true: Because RNA polymerase lacks rigorous proofreading activity, the error rate of transcription ($10^{-4}$ to $10^{-5}$) is several orders of magnitude higher than that of DNA replication ($10^{-9}$).
- This high error rate is biologically tolerated because transient, aberrant transcripts are rapidly degraded and do not permanently alter the genetic code.
Step 3: Final Answer:
Both statements are correct.