Organic Compounds Containing Oxygen: JEE Main 2025 Chemistry question

Given below are two statements: Consider the following reaction $\mathrm{R{-}CO{-}R + H_2O \overset{K}{\rightleftharpoons} R_2C(OH)_2}$. Statement (I): In the case of formaldehyde ($\mathrm{H{-}CO{-}H}$), K is about 2280, due to small substituents, hydration is faster. Statement (II): In the case of trichloro acetaldehyde ($\mathrm{H{-}CO{-}CCl_3}$), K is about 2000 due to $-I$ effect of $-\mathrm{Cl}$. In the light of the above statements, choose the correct answer from the options given below: