A mass curve of rainfall plots the running cumulative rainfall against time, and this question checks whether we understand what its slope physically means at different points in time.
Since a mass curve is built by continuously adding up rainfall over time, it can never fall; a negative slope would mean negative rainfall, which is not physically possible. That leaves exactly two behaviors for the slope: positive while it is raining, and zero while it is dry, precisely what statements (I) and (II) describe.
Let's summarize:
Both statements are TRUE, so the correct option is (A).