Given below are two statements:

Statement I: EEPROM stands for Electronically Extendable Programmable Read Only Memory.

Statement II: RAM is much faster to write or to read from than other types of memory; but its main drawback is its non-volatility.

In the light of the above statements, choose the correct answer from the options given below:

1
Both Statement I and Statement II are true.
2
Both Statement I and Statement II are false.
3
Statement I is true but Statement II is false.
4
Statement I is False but Statement II is true.

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