JEE Main 2022 Physics question

Given below are two statements: Statement-I : Susceptibilities of paramagnetic and ferromagnetic substances increase with decrease in temperature. Statement-II : Diamagnetism is a result of orbital motions of electrons developing magnetic moments opposite to the applied magnetic field. Choose the correct answer from the options given below:-

• (1)Both Statement-I and Statement-II are trueCorrect
• (2)Both Statement-I and Statement-II are false
• (3)Statement-I is true but Statement-II is false
• (4)Statement-I is false but Statement-II is true