Consider the following statements regarding 'Equality before Law' and 'Equal Protection of Laws' under Article 14 of the Indian Constitution:

Statement I: The concept of 'equality before law' is derived from the British legal system, while 'equal protection of laws' is taken from the American Constitution.

Statement II: 'Equality before law' ensures that all individuals, regardless of their status, are equally subjected to the ordinary law of the land administered by ordinary courts.

Statement III: The concept of 'equal protection of laws' ensures that laws apply equally to all persons who are similarly situated, without discrimination.

Statement IV: Article 14 allows arbitrary classification of persons by the legislature.

Which one of the following is correct in respect of the above statements?

1
Both Statement I and Statement II are correct, and Statement II explains Statement I.
2
Both Statement I and Statement III are correct, but Statement II does not explain Statement I.
3
Statement I is correct, but Statement IV is incorrect.
4
Statement I is incorrect, but Statement III and Statement IV are correct.

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