Given below are two statements

Statement I: Codes of ethics are formulated to regulate the relations of researchers to the people and fields they intend to study.

Statement II: All the risks involved in the study need not be explained to the participants in advance.

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

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