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Option 1: This option states that both statements are true and Statement II is the correct explanation of Statement I. However, this is incorrect because Statement II does not explain or provide any insight into Statement I. Statement I discusses Ram Mohan Roy`s arguments against belief in many Gods and for the worship of a single God, while Statement II discusses his attempt to separate the moral and philosophical message of the New Testament. These are two separate and independent ideas, and there is no explanatory relationship between them.
Option 2: The correct answer. This option states that both statements are individually true, but Statement II is not the correct explanation of Statement I. This is the correct interpretation as there is no connection between the two statements.
Option 3: This option states that Statement I is true, but Statement II is false. However, this is incorrect as both statements are actually true.
Option 4: This option states that Statement I is false, but Statement II is true. However, this is also incorrect as Statement I is true.