Given below are two statements:
Statement-I: To form tracheary elements, cells lose their protoplasm during differentiation.
Statement-II: Intrafascicular cambium is an example of dedifferentiation.
In the light of the above statements, choose the correct answer from the options given below.

Intrafascicular cambium is an example of differentiated tissue.

Intrafascicular cambium is present in the vascular bundles of dicot stems.

 It is present in between primary xylem and primary phloem. It is a primary meristem since it is derived from embryonic meristems. It is present in the plant from the very beginning only so it is primary in origin.