Given below are two statements:

Statement-I : Susceptibilities of paramagnetic and ferromagnetic substances increase with decrease in temperature.

Statement-II : Diamagnetism is a result of orbital motions of electrons developing magnetic moments opposite to the applied magnetic field.

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 true but Statement-II is false
4
Statement-I is false but Statement-II is true
5
Question Not Attempted

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