Consider the following statements:
Statement – I – Israel has established diplomatic relations with some Arab States.
Statement – II – The ‘Arab Peace Initiative’ mediated by Saudi Arabia was signed by Israel and Arab League.
Which one of the following is correct in respect of the above statements?
a. Both Statement I and Statement II are correct and Statement II is the correct explanation for Statement I
b. Both Statement I and Statement II are correct and Statement II is not the correct explanation for Statement I
c. Statement I is correct but Statement II is incorrect
d. Statement I is incorrect but Statement II is correct