Given below are two statements
Statement I: In one minute, the minute hand of a clock gains 5° over the hour hand.
Statement II: If both the minute and hour hands start moving together from the same position, both the hands will coincide after 64 minutes.
In 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