Given below are two statements :
Statement (I) : On nitration of m-xylene with $\mathrm{HNO}_{3}, \mathrm{H}_{2} \mathrm{SO}_{4}$ followed by oxidation, 4-nitrobenzene-1,3dicarboxylic acid is obtained as the major product.
Statement (II): $-\mathrm{CH}_{3}$ group is o/p-directing while $-\mathrm{NO}_{2}$ group is m-directing group.
In the light of the above statements, choose the correct answer from the options given below: