The correct option is D Both Statement I and statement II are true
The +3 oxidation state of lanthanides is most stable. Therefore, lanthanides in +4 oxidation state has strong tendence to gain e− and convert into +3 oxidation state and hence act as strong oxidizing agent. Therefore, +4CeO2 is used to oxidized alcohol aldehyde and ketones.
Lanthanides in +2 oxidation state has strong tendency to lose e− and convert into +3 oxidation state and hence act as strong reducing agent. Therefore, +2EuSO4 act as strong reducing agent.