Choose the correct code for the following statements being correct or incorrect.
Statement I : Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.
Statement II : IPR does not include trade secrets and moral rights.
1. Both the statements I and II are correct.
2. Both the statements I and II are incorrect.
3. Statement I is correct, but II is incorrect.
4. Statement II is correct, but I is incorrect.