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Consider the following statements:

(1) If a small upward displacement is given to a floating body, it results in the reduction of the buoyant force acting on the body                    

(2) A slight horizontal displacement does not change either the magnitude or the location of the buoyant force.

Which of the above statements is/are correct?

(A) Both 1 and 2         (B) 1 only

(C) 2 only                    (D) Neither 1 nor 2

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