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With reference to 'Li-Fi', recently in the news, which of the following statements is/are correct?

1. It uses light as the medium for high-speed data transmission. 2. It is a wireless technology and is several times faster than 'WiFi'.

Select the correct answer using the code given below.

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2