Given below are two statements :
Statement (I): For the new middle class, liberalism stood for the freedom of the individual and equality of all before the law in 19th-century Europe.
Statement (II): Liberalism emphasised the concept of autocracy and clerical privileges.
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