Given below are two statements :
Statement I : Cost-Benefit Analysis (CBA} measures a project's societal effects and does costs and benefits comparable in monetary terms.
Statement II : CBA is most widely applied tool for the appraisal of transport project
In the light of the above statements, 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

Statement I is true but Statement II is false

D

Statement I is false but Statement II is true