Let's analyze the two statements about the allotropes of sulfur.
Statement I: Sulfur exists in two common crystalline allotropic forms: rhombic sulfur ($\alpha$-sulfur) and monoclinic sulfur ($\beta$-sulfur). Rhombic sulfur is stable below 369 K (96 °C), while monoclinic sulfur is stable above this temperature. The temperature 369 K is known as the transition temperature. At this temperature, the two forms are in equilibrium and can be interconverted by slow heating or cooling. So, the change is reversible. Statement I is true.
S$_{\text{rhombic}}$ $\rightleftharpoons$ S$_{\text{monoclinic}}$ (at 369 K)
Statement II: Room temperature is typically around 298 K (25 °C), which is well below the transition temperature of 369 K. Therefore, at room temperature, the thermodynamically stable crystalline form of sulfur is rhombic sulfur ($\alpha$-sulfur), not monoclinic sulfur. Statement II is false.
Since Statement I is true and Statement II is false, the correct option is (C).