Given below are two statements :
Statement (I) : A spectral line will be observed for a $2{\mathrm{p}}_{\mathrm{x}}\to 2{\mathrm{p}}_{\mathrm{y}}$ transition.
Statement (II) : $2{\mathrm{p}}_{\mathrm{x}}$ and $2{\mathrm{p}}_{\mathrm{y}}$ are degenerate orbitals.
In the light of the above statements, choose the correct answer from the options given below :