Maltose is a disaccharide composed of two α-D-glucose units linked by an α(1→4) glycosidic bond. The anomeric carbon (C1) of the second glucose unit has a free hemiacetal group, which can open to form an aldehyde. Therefore, maltose can reduce Tollens' and Fehling's reagents, making it a reducing sugar. Statement I claims that maltose is a non-reducing sugar, so it is false.
Lactose is a disaccharide composed of β-D-galactose and D-glucose linked by a β(1→4) glycosidic bond. Similar to maltose, the anomeric carbon (C1) of the glucose unit in lactose has a free hemiacetal group. This allows it to act as a reducing agent. Statement II correctly identifies lactose as a reducing sugar, so it is true.
Therefore, Statement I is false but Statement II is true.
Answer: Statement I is false but Statement II is true

