Given below are two statements:
Statement (I): On nitration of m-xylene with \( \mathrm{HNO_3} , \mathrm{H_2SO_4} \), followed by oxidation, \( 4 \)-nitrobenzene-\( 1, 3 \)-dicarboxylic acid is obtained as the major product.
Statement (II): \( -\mathrm{CH_3} \) group is o/p-directing while \( -\mathrm{NO_2} \) group is m-directing group.
In the light of the above statements, choose the correct answer from the options given below: