Select the correct option based on the statements: Statement I: The magnetic field of a circular loop at very far away point on the axial line varies with distance as like that of a magnetic dipole. Statement II: The magnetic field due to magnetic dipole varies inversely with the square of the distance from the centre on the axial line.
Statement I is correct and Statement II is incorrect.
Statement I is incorrect and Statement II is correct.
Both Statement I and Statement II are correct.
Both Statement I and Statement II are incorrect.
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