The following statements are related to technology transfer between countries. Choose the correct code for the statements being correct or incorrect.
Statement I : Import of techniques and machinery is a mode of technology transfer.
Statement II : Technology transferred through government for common welfare is considered as free market transfer and is not subject to patent laws.
1
Statement I is correct, but II is incorrect.
2
Statement II is correct, but I is incorrect.
3
Both the statements I and II are correct.
4
Both the statements I and II are incorrect.