According to the given below statements, choose the correct option. Statement 1: Application caching is the process of storing data (and not pages) in a cache object. Statement 2: Page output caching stores a rendered page, portion of a page, or version of a page in memory. Statement 3: Caching reduces the time required to render cached page in future requests.

• A. Only statement 1 is correct.
• B. Statement 2 and 3 are correct.
• C. Only statement 3 is correct.
• D. All statements are correct.