Given below are two statements :
Statement (I) : \(S_N2\) reactions are 'stereospecific', indicating that they result in the formation only one stereo-isomers as the product.
Statement (II) : \(S_N1\) reactions generally result in formation of product as racemic mixtures.
In the light of the above statements, choose the correct answer from the options given below :
(1) Statement I is true but Statement II is false
(2) Statement I is false but Statement II is true
(3) Both Statement I and Statement II is true
(4) Both Statement I and Statement II is false