Step 1: Frame the statements.
We judge two claims about meiosis. Meiosis I is a reduction division, while meiosis II resembles mitosis.
Step 2: Examine Statement I.
Prophase I has five sub-stages ending in diakinesis, where chromosomes become fully condensed. So Statement I is correct.
Step 3: List meiosis I events.
Meiosis I shows synapsis, crossing over, separation of homologous chromosomes and halving of chromosome number.
Step 4: Compare with mitosis.
None of these events happen in mitosis, so meiosis I is quite different from mitosis.
Step 5: Identify what resembles mitosis.
It is meiosis II, not meiosis I, that resembles mitosis because sister chromatids separate without further reduction. So Statement II is false.
Step 6: Conclude.
Statement I is correct but Statement II is false, which is option 4.
\[ \boxed{\text{Statement I correct, Statement II false}} \]