The following items consist of two statements, statement I and statement II. You are to examine these two statements carefully and select the answers to these items using the code given below:
Statement I : The economy of India in the 19th century came to a state of ruin under English East India Company.
Statement II : English East India Company's acquisition of Diwani right led to the miseries of the peasants and those associated with the traditional handicrafts industry of India.

Options

A. Both the statements are individually true and Statement II is the correct explanation of Statement I
B. Both the statements are individually true but Statement II is not the correct explanation of Statement I
C. Statement I is true but Statement II is false
D. Statement l is false but Statement II is true