Directions: The below item consists of two statements, one labelled as the 'Statement (I)' and the other as 'Statement (II)'. Examine these two statements carefully and select the answers to these items using the codes given below:
Statement (I): All passive components can be fabricated in a single chip.
Statement (II): As opposed to discrete circuits where all components are separately inserted and connected, in an integrated circuit, they are simultaneously created on a chip of semiconductor material during manufacturing.
1. Both Statement (I) and Statement (II) are individually true and Statement (II) is the correct explanation of Statement (I)
2. Both Statement (I) and Statement (II) are individually true but Statement (II) is NOT the correct explanation of Statement (I)
3. Statement (I) is true but Statement (II) is false
4. Statement (I) is false but Statement (II) is true