Consider the following statements:

Statement-I: Switzerland is one of the leading exporters of gold in terms of value.

Statement-II: Switzerland has the second largest gold reserves in the world.

Which one of the following is correct in respect of the above statements?

1
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
2
Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
3
Statement-I is correct but Statement-ll is incorrect
4
Statement-I is incorrect but Statement-ll is correct

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