Statement I: Karishma earns a monthly salary of ₹50,000. She donates ₹5000 to charity and spends ₹6000 for groceries. The reciprocal of the fraction corresponding to her savings is . Statement II: As , therefore, and are reciprocals of each other. 1. Statement I is true but statement II is false. 2. Statement I is false but statement II is true. 3. Both Statement I and statement II are true. 4. Both Statement I and statement II are false.