Given below are two statements:
Statement (I): Both IMF and IBRD have headquarters in Washington.
Statement (II): India's vote share in IMF is 10%.
In the 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