Given below are two statements :
Statement (I) : On hydrolysis, oligo peptides give rise to fewer number of $\alpha$-amino acids while proteins give rise to a large number of $\beta$-amino acids.
Statement (II) : Natural proteins are denatured by acids which convert the water soluble form of fibrous proteins to their water insoluble form.
In the light of the above statements, choose the most appropriate answer from the options given below :

• A

  Both statement I and statement II are correct
• B

  Statement I is incorrect but Statement II is correct
• Correct answer
  C

  Both statement I and statement II are incorrect
• D

  Statement I is correct but Statement II is incorrect

Hence, the correct answer is option: 'C'.