Statement I: Diplo-haplontic or haplo-diplontic life cycle is characterized by the existence of a sporophyte as well as a gametophyte. Statement II: Fungi have a haplo-diplontic life cycle.

Step-by-step solution

Diplo-haplontic or Haplo diplontic : It is characterized by the existence of sporophyte as well as gametophyte. Both of them are photosynthetic and free living and two-phases the diplophase and haplophase are nearly equal. If sporophytes and gametophytes are morphologically different then the life cycle is termed as Diplo-haplontic-heteromorphic, e.g., all pteridophytes, all bryophytes some brown algae viz., Laminaria and other Kelps.