Given below are two statements:
Statement I : Palindromic sequences are DNA sequences that are the same when each strand of DNA is read in the same direction.
Statement II : Palindromic sequences serve as recognition sites for many type II restriction endonucleases.
In the light of the above statements, 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 correct but Statement II is false
4
Statement I is incorrect but Statement II is true