Check each statement against how the Penman method and crop coefficients actually work.
Penman's method is well known precisely because it does not rely on one physical approach alone; it blends the energy balance equation with the aerodynamic term that represents the vapour removing power of the wind, sometimes called sink strength. That is exactly Statement (I), so it holds.
For Statement (II), the standard practice in irrigation scheduling is ET = Kc times PET, and Kc is never a single fixed number; it is built up separately for each crop, adjusted for local soil and climate, and further varies through the crop growth stages (initial, development, mid season, late season). This is precisely what Statement (II) claims.
Since both descriptions line up with standard practice,
\[\boxed{\text{Both Statement (I) and Statement (II) are correct, option 1}}\]