Given below are two statements :
Statement I: M. N. Roy considered the economic interpretation of history propounded by Marx as misconceived and imperfect.
Statement II: M. N. Roy argued that the real form of social and economic process is not determined merely by types of material resources.
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 correct but Statement II is false
4
Statement I is incorrect but Statement II is true