Statement I: In C3 plants, photorespiration occurs when oxygen binds to RuBisCO, which reduces the efficiency of CO2 fixation. This statement is true.
Statement II: In C4 plants, photorespiration is minimized because CO2 is first fixed in the mesophyll cells and then transported to bundle sheath cells. However, the statement that bundle sheath cells do not show any photorespiration is incorrect; it occurs at much lower levels compared to C3 plants.
Thus, the correct answer is (3): Statement I is true, but Statement II is false.