Consider the below statements and identify the correct answer.

Statement - I: If a substance loses oxygen during a reaction, it is said to be reduced.

Statement - II: If a substance gains hydrogen during a reaction, it is said to be reduced.

1
Both the statements are false.
2
Statement - I is true, and Statement - II is false.
3
Statement - I is false, and Statement - II is true.
4
Both the statements are true.

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