Given below is a statement followed by two possible reasons numbered I and II. Read the statement carefully and decide which of the two explain(s) the event/observation/information given in the statement.

Statement - Even though Company X is the biggest exporter of wheat in the country, it is not among one of the biggest profit earning companies in the Country.

Reasons:

I. Trading in other materials other than wheat, like iron, is much more profitable

II. Company X has heavy miscellaneous expenditure

1
Only II is a possible reason.
2
Both I and II are possible reasons. 
3
Neither I nor II is a possible reason.
4
Only I is a possible reason.

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