Consider the following statements and choose the correct answer from the options given below.

Statement I: Integration of the national economy with the world economy encourages the free flow of goods and services.

Statement II: Liberalisation aims to unlock the economic potential of the country by encouraging the private sector and multinational corporations to invest and expand

1
Statement I is correct but statement II is incorrect
2
Statement I is incorrect but statement II is correct
3
Both the statements are correct
4
Both the statements are incorrect

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