With reference to the development of Railways during British rule, consider the following statements:

1. The British bankers and investors supported the development of the railway in India.

2. Government of India offered a guaranteed interest of at least 5% on investment by English capitalists.

Which of the following statements given above is/are correct?

1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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