Identify the correct statements

Statement i- Charter Act of 1814 allotted One Lakh Rupees each year to improve the education system in India. 

Statement ii- Charter Act of 1814 promoted the use of English language in India.

1
Both the statements are true
2
None of the statements is true
3
Statement i is correct but Statement ii is incorrect
4
Statement i is incorrect but Statement ii is correct

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