Statement I: The economy of India in the 19th century came to a state of ruin under English East India Company.
Statement II: 
English East India Company’s acquisition of Diwani right led to the miseries of the peasants and those associated with the traditional handicrafts industry of India.

1
 Both the statements are true and Statement II is the correct explanation of Statement I
2

Both the statements are true, but Statement II is not the correct explanation of Statement I

3
Statement I is true, but Statement II is false
4
Statement I is false, but Statement II is true

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