Redox Reactions

Given below are two statements:

Statement (I): Oxidising power of halogens decreases in the order $F_2 > Cl_2 > Br_2 > I_2$, which is the basis of "Layer test".

Statement (II): "Layer test" to identify $Br_2$ and $I_2$ in aqueous solution involves the oxidation of bromide or iodide into $Br_2$ or $I_2$ respectively with $Cl_2$, which is a type of displacement redox reaction.

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