Given below are two statements :

Statement I :
An entrepreneur can get a lot of quality information about competitors from company reports and its website.

Statement II :
First step to avail finance for a new project is Promoter's Biodata.
In the light of the above statement, choose the correct answer from the options given below:

A

Both Statement I and Statement II are true

B

Both Statement I and Statement II are false

C

Statment I is true but Statement II is false

D

Statement I is false but Statement II is true