Choose the correct code for the following statements being correct or incorrect.

Statement I : Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.

Statement II : IPR does not include trade secrets and moral rights. 

1
Both the statements I and II are correct.
2
Both the statements I and II are incorrect.
3
Statement I is correct, but II is incorrect.
4
Statement II is correct, but I is incorrect.

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