Statement I: The value of current through p-n junction in the given figure will be 10 mA.Statement II: In the above figure, p-side is at higher potential than n-side.

The p-side of p-n junction is taken at higher potential than n-side, so p-n junction is forward biased. Taking its resistance to be zero and applying Ohm's law,I=VR=5-2300=10-2A   =10-2×103  mA = 10 mA