Consider the following statements : I. In the finals of the 45th Chess Olympiad held in 2024, Gukesh Dommaraju became the world's youngest winner after defeating the Russian player Ian Nepomniachtchi. II. Abhimanyu Mishra, an American chess player, holds the record of becoming world's youngest ever Grandmaster. Which of the statements given above is/are correct?

Statement II is correct as Abhimanyu Mishra holds the world record for the youngest Grandmaster, achieving the title in 2021 at the age of 12 years, 4 months, and 25 days. Statement I is incorrect because the Chess Olympiad is a biennial team tournament rather than an individual knockout event, and the Russian team was barred from participating in the 2024 edition. This question tests the candidate's knowledge of major international sports milestones and the distinction between different competitive formats in chess.