Strong reducing and oxidizing agents among the following , respectively, are

Given below are two statements :

Statement I : The $\mathrm{E}°$ value of ${\mathrm{Ce}}^{4+}/{\mathrm{Ce}}^{3+}$ is $+1.74 \mathrm{V}$

Statement II : Ce is more stable in ${\mathrm{Ce}}^{4+}$ state than ${\mathrm{Ce}}^{3+}$ state.

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