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Given below are two statements:

Statement I:	Aldehydes react with one equivalent of monohydric alcohol in the presence of dry HCl to yield acetals.
Statement II:	Acetals and ketals are hydrolyzed with aqueous mineral acids to yield corresponding aldehydes and ketones respectively.

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