The number is divisible by 132, if it is divisible by 3, 4 and 11.
Statement I: It tells us that the number is divisible by 4 and 11.
Statement II: It tells us that the number is divisible by 3
If we combine the two statements, then we can say that the number is divisible by 3, 4 and 11. So both the statements are required to solve the question.