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Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below.

Statement I:The Communist Party of India (Marxist) is a radical democratic party stressing the preservation of democratic institutions.
Statement II:Its election symbol is the hammer, sickle and star, and it split from the CPI in 1964.
AStatement I is incorrect but Statement II is correct
BBoth Statement I and Statement II are incorrect
CStatement I is correct but Statement II is incorrect
DBoth Statement I and Statement II are correct
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