Given below are two statements:

Statement I: Ozone hole over the Antarctica was discovered in 1987

Statement II: The Montreal Protocol envisaged 50% reduction in the use of CFCs, in the developed countries by 1998 with reference to 1986 consumption levels.

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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