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DIRECTIONS: Read the following three statements carefully and choose the correct option. Statement-1: Permanent magnet can never lose its magnetic property. Statement-2: Two magnets should never stored with like poles alongside for a long time. Statement-3: On heating magnetic property of a magnet increases.

A) Statement (1) and (3) are incorrect while statement (2) is correct.

B) Statement (1) and (2) are incorrect while (3) is correct.

C) All the statements are correct.

D) All the statements are incorrect.