Given below are two statements :

Statement I :  According to IT rules 2021 social media platforms with minimum 50 lakh registered users are classified as significant social media intermediaries.
Statement II : OTT platforms cannot upload content which is adult and explicit in nature.
In the light of the above statements, choose the most appropriate answer from the options given below.

A

Both Statement I and Statement II are correct

B

Both Statement I and Statement II are incorrect

C

Statement I is correct but Statement II is incorrect

D

Statement I is incorrect but Statement II is correct