Choose X and Y to be coordinate row and column vectors. XPY then selects any chosen entry of P, so all entries vanish and I is true. For II, symmetry gives $\|Pv\|^2=v^TP^TPv=v^TP^2v=0$ for every v, so Pv = 0 for all v and P = 0. Both statements are true, A.
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