To solve this problem, we need to analyze the given statements:$\newline$Statement I: Parenchyma is living but collenchyma is dead tissue.$\newline$Statement II: Gymnosperms lack xylem vessels but presence of xylem vessels is the characteristic of angiosperms.$\newline$Let's break down each statement:$\newline \bullet$Statement I:$\newline$ - Parenchyma is a type of plant tissue that is indeed living. It is involved in functions such as photosynthesis, storage, and tissue repair.$\newline$ - Collenchyma, however, is also a living tissue. It provides support to the plant and is characterized by its thickened cell walls.$\newline$ - Therefore, Statement I is false.$\newline \bullet$Statement II:$\newline$ - Gymnosperms are a group of seed-producing plants that typically do not have xylem vessels. Instead, they have tracheids for water conduction.$\newline$ - Angiosperms, on the other hand, are characterized by the presence of xylem vessels, which are more efficient in water transport.$\newline$ - Therefore, Statement II is true.$\newline$Based on the analysis, the correct answer is:$\newline$Option 2: Statement I is false but Statement II is true.