Given below are two statements:

Statement (I) : A body floats in a liquid if density of material of body is less than or equal to the density of liquid.

Statement (II) : The centre of gravity of the liquid displaced by a body is called centre of buoyancy.

In the light of the above statements, choose the most appropriate answer from the options given below:

Both Statement I and Statement II are true

Statement I is true because an object will float in a liquid if its density is less than or equal to the density of the liquid, according to Archimedes' Principle.

Statement II is also true because the center  of gravity of the liquid displaced by an object is indeed called the center of buoyancy.

Thus, Both Statement I and Statement II are true is correct.