Which of the following statement is/are correct?

Statement I: A magnetic compass helps to find directions.

Statement II: A magnet has two poles and can never exist with only one pole.

Statement III: The magnet’s poles repel when similar poles are brought together.

Statement IV: The magnetic compass is always aligned along the East-West direction.

1
Statement I, II and III are correct
2
Statement III and IV are correct.
3
Only Statement III is correct.
4
All statements are correct.

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