Read the following statements.

Statement I: Cerebral cortex is a layer of cells in forebrain.

Statement II: Cerebral aqueduct is a canal in midbrain.

In light of given statements, choose the correct answer from the options given below.

Cerebrum is a part of forebrain. A deep cleft divides the cerebrum longitudinally into two halves, which are termed as the left and right cerebral hemispheres. The layer of cells which covers the cerebral hemisphere is called cerebral cortex and is thrown into prominent folds. 

A canal called the cerebral aqueduct passes through the midbrain. It connects third and fourth ventricles.