Given below are two statements:
Statement I: Oligarchy is a government dominated by the few.
Statement II: Robert Mckenzie formulated the iron law of oligarchy.
In the light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is correct but Statement II is false
4
Statement I is incorrect but Statement II is true