Correct option is B
The correct statement with respect to the Sangam literature is Both I and II.
I. These texts were supposed to be composed and compiled in assemblies of poets.
II. The Sangam literature compiled in assemblies of poets were held in the city of Madurai.
The Sangam literature is a collection of Tamil poems and songs that were composed and compiled in assemblies of poets. The assemblies were held in the city of Madurai, which was a major cultural and intellectual center in ancient Tamil Nadu.