Statement I: Peer groups play a significant role in helping children develop social skills. Statement II: The influence of peer groups is insignificant during childhood, as children only begin to form meaningful social connections during adolescence.

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Statement I is true and Statement II is false. Explanation: Peer groups strongly influence children's social, cognitive and emotional development by providing belonging, practice in cooperation, rules, identity and feedback, especially during middle childhood (about ages 6–12).

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