Given below are two statements

Statement I: The power of legislation carries with it the power to delegate and unless the legislature has completely abdicated or effaced itself, there is no restriction on delegation of legislative powers

Statement II: Parliament can abdicate or efface itself by creating a parallel legislative body

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

1
Both Statement I and Statement II are correct
2
Both Statement I and Statement II are incorrect 
3
Statement I is correct but Statement II is incorrect 
4
Statement I is incorrect but Statement II is correct

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