Read both the statements and choose the correct answer:

Statement I: In 1700, the East India Company acquired a charter from the ruler of England, Queen Elizabeth II, granting it the sole right to trade with the East.

Statement II: Vasco da Gama, a Portuguese explorer, discovered the sea route to India in 1498

1
Both (I) and (II) are true 
2
(I) is false but (II) is true
3
Both (I) and (I) are false
4
(I) is true but (II) is false

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