To determine the correctness of the given statements, let's analyze them one by one with the relevant chemical concepts:
Conclusion: Based on the above analysis, Statement I is true but Statement II is false.
Observe the following reaction and same reaction is carried out with the following compound: 
X and Y can be differentiated by:
A student is given one compound among the following compounds that gives positive test with Tollen's reagent. The compound is: 