Given below are two statements :

Statement I : Phenols are weakly acidic.

Statement II : Therefore they are freely soluble in NaOH solution and are weaker acids than alcohols and water.

Choose the most appropriate option :

1. A Both Statement I and Statement II are correct.
2. B Both Statement I and Statement II are incorrect.
3. C Statement I is correct but Statement II is incorrect. Correct answer
4. D Statement I is incorrect but Statement II is correct.