Read the given statements and choose the correct course of action to be taken.

Mark [1], if only I can be followed.

Mark [2], if only II can be followed.

Mark [3], if either I or II can be followed.

Mark [4], if both I and II can be followed.

Mark [5], if neither I nor II can be followed.

Statement:

The currency crunch in the country has severely curtailed the purchasing capacity of farmers, as they prepare to buy seeds, fertilizers, and so on ahead of the sowing season.

The course of action:

I. The government should allow farmers to use the demonetized notes to buy the necessary items for farming.

II. The government should maximize the outreach of banks in the rural areas.