In this question on squares, it’s very easy to get into the trap of assuming that KP and PQ are perpendicular to each other, because they LOOK LIKE. Remember that it is not mentioned in the question and therefore cannot be assumed to be true.
A point to note on Geometry questions on GMAT Quant is to not trust the figure to be to scale.
If JQM is an equilateral triangle, angle JQM = angle QJM = angle QMJ = 60 degrees.
From statement I alone, angle KPQ = 90 degrees. Only now can we say that KP is perpendicular to PQ. However, this is all we can say. We do not have any information about angles PQJ or PQM.
If PQJ = 150 degrees and PQM = 150 degrees, then angle JQM = 60 degrees; also, angle QJK = angle QML = 30 degrees. Therefore, angle QJM = angle QMJ = 60 degrees. In this case, triangle JQM is an equilateral triangle.
If PQJ = 140 degrees and PQM = 140 degrees, then angle JQM = 80 degrees; also, angle QJK = angle QML = 40 degrees. Therefore, angle QJM = angle QMJ = 50 degrees. In this case, triangle JQM is NOT an equilateral triangle.
Statement I alone is insufficient. Answer options A and D can be eliminated, possible answer options are B, C or E.
From statement II alone, we know that angle JQP = 150 degree. But, we do not know if angle KPQ is a right angle. Therefore, we would not be able to find out the exact value of the other angles in diagram.
Statement II alone is insufficient. Answer option B can be eliminated. Possible answer options are C or E.
Combining statements I and II, we see that angle KPQ = 90 degree and angle PQJ = 150 degree. This is a case we already took while evaluating statement I, and in doing so, we understood that this case will make triangle JQM an equilateral triangle. The combination of statements is sufficient.
The correct answer option is C.
Hope this helps!