Biology · The Living World

Given below are two statements: Statement I: Insects represent a group of organisms sharing common features like three pairs of jointed legs. Statement II: Category further denotes rank, and all taxonomic categories together constitute the taxonomic hierarchy. In the light of the above statements, choose the most appropriate answer from the options given below:

1. Both Statement I and Statement II are correct.
2. Both Statement I and Statement II are incorrect.
3. Statement I is correct but Statement II is incorrect.
4. Statement I is incorrect but Statement II is correct.