Given below are two statements:

Statement I: Hydrogen peroxide acts as both oxidizing and reducing agent in a basic medium.

Statement II: In the hydrogen economy the energy is transmitted in the form of dihydrogen. 

In light of the above statement, chose an answer from the options given below:

Both statements I and II are right.

 ${\mathrm{H}}_2{\mathrm{O}}_2$ acts as both oxidizing and reducing agent in a basic medium which can be proved by the following reactions

 ${\mathrm{H}}_2{\mathrm{O}}_2$  as oxidizing agent in basic medium

${\mathrm{Mn}}^{3+}+{\mathrm{H}}_2{\mathrm{O}}_2\to {\mathrm{Mn}}^{4+}+2{\mathrm{OH}}^{-}$

$2{\mathrm{Fe}}^{2+}+{\mathrm{H}}_2{\mathrm{O}}_2\to 2{\mathrm{Fe}}^{3+}+2{\mathrm{OH}}^{-}$

In the above reactions, ${\mathrm{H}}_2{\mathrm{O}}_2$ oxidizes manganese and iron to their higher oxidation states 

${\mathrm{H}}_2{\mathrm{O}}_2$  as oxidizing agent in basic medium

$\mathrm{Mn}{{\mathrm{O}}_4}^{-} +{\mathrm{H}}_2{\mathrm{O}}_2\to {\mathrm{MnO}}_2$ 

${\text{I}}_2+{\mathrm{H}}_2{\mathrm{O}}_2+2{\mathrm{OH}}^{-}\to 2{\mathrm{I}}^{-}+2{\mathrm{H}}_2\mathrm{O}+{\mathrm{O}}_2$ 

In the above reactions, ${\mathrm{H}}_2{\mathrm{O}}_2$ reduces manganese and iodine to their lower oxidation states 

Statement II: Hydrogen can be used as fuel to generate energy in the form of dihydrogen only but not as another source like electric power.

Hence the correct option is (D).