The stopping potential (\(V_0\)) is related to frequency (\(\nu\)) by the equation:
\[ eV_0 = h\nu - \phi \implies V_0 = \frac{h}{e}\nu - \frac{\phi}{e} \]
The slope of the graph gives \(\frac{h}{e}\), confirming Statement-I. However, \(M_2\) has a higher work function, meaning that for the same incident frequency, the kinetic energy of emitted photoelectrons will be lower. Therefore, Statement-II is incorrect.