Consider the following statements with reference to the Andhra Socialist Party:

I. It was established in 1934 at Vishakhapatnam with Madduri Annapurnayya as President and Prof. Ranga as the Secretary.
II. Puchalapalli Sundarayya and C. Rajeswara Rao were its prominent members.
Which of the statements given above is/are correct?

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

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