Haloalkanes And Haloarenes

Given below are two statements:

Statement - I: High concentration of strong nucleophilic reagent with secondary alkyl halides which do not have bulky substituents will follow \(\mathrm{S}_{\mathrm{N}}{ }^2\) mechanism.

Statement - II: A secondary alkyl halide when treated with a large excess of ethanol follows \(\mathrm{S}_{\mathrm{N}}{ }^1\) mechanism.

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