Direction: The following question consists of two statements, one labeled as the 'Statement (I)' and the other as 'Statement (II)'. Examine these two statements carefully and select the correct answer. 

Statement I: The advantage of IC over discrete circuits is high performance.

Statement II: The IC’s components switch quickly and consume comparatively little power.

1
Statement I and Statement II are correct and Statement II is the correct explanation of Statement I.
2
Statement I and Statement II are correct but Statement II is not the correct explanation of Statement I
3
Statement I is correct, Statement II is false
4
Statement I is false, Statement II is correct

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