2023 Economy - Resources

Consider the following statements : Statement-I : India, despite having uranium deposits, depends on coal for most of its electricity production. Statement-II: Uranium, enriched to the extent of at least 60%, is required for the production of electricity. Which one of the following is correct in respect of the above statements?

• Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
• Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
• Statement-I is correct but Statement-II is incorrect
• Statement-I is incorrect but Statement-II is correct