The correct option is D Assertion is False, Reason is True
Tl+3 ion has very high lattice energy and very low solubility product (Ksp=6.3×1046). Among group 13 hydroxides, thallium (III) hydroxide has lowest solubility. Hence the statement 1 is false. On moving down the group 13, the hydroxides change their character from acidic to amphoteric to basic.
Tl(OH)3 is the most basic among group 13 hydroxides. Hence the statement 2 is true.