Haloalkanes And Haloarenes

Given below are two statements :

Statement I : $\quad \mathrm{CH}_3-\mathrm{O}-\mathrm{CH}_2-\mathrm{Cl}$ will undergo $\mathrm{S}_{\mathrm{N}} 1$ reaction though it is a primary halide.

Statement II : will not undergo $\mathrm{S}_{\mathrm{N}} 2$ reaction very easily though it is a primary halide.

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