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Consider the following two statements :

$\text{Statement 1: A}$  stable multivibrator can be used for generating square wave.
$\text{Statement 1: B}$ stable multivibrator can be used for storing binary information.

  1. Only statement $1$ is correct
  2. Only statement $2$ is correct
  3. Both the statements $1$ and $2$ are correct
  4. Both the statements $1$ and $2$ are incorrect
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