Given

$$\begin{gathered} {\mathrm{E}}_{{\mathrm{Ag}}^{+}/\mathrm{Ag}}^0=0.80\mathrm{V},{\mathrm{E}}_{{\mathrm{Mg}}^{2+}/\mathrm{Mg}}^0=-2.37\mathrm{V}, \\ {\mathrm{E}}_{{\mathrm{Cu}}^{2+}/\mathrm{Cu}}^0=0.34\mathrm{V},{\mathrm{E}}_{{\mathrm{Hg}}^{2+}/\mathrm{Hg}}^0=0.79\mathrm{V} \end{gathered}$$.
Which of the following statements is/are correct ?

$\mathrm{SRP}=\mathrm{Mg}<{\mathrm{H}}_2<\mathrm{Cu}<\mathrm{Hg}<\mathrm{Ag}$
Low SRP metal displaces higher SRP metal ion.

Any salt solution can be stored in any vessel provided the metal is made with higher SRP value