Statement 1: ${\mathrm{Tl}}^{3+}$ acts as an oxidizing agent.

Statement 2: ${\mathrm{Tl}}^{+}$ is more stable than ${\mathrm{Tl}}^{3+}$ due to inert pair effect.

Both statements 1 and 2 are correct

Statement 1 is correct and statement 2 is incorrect

Statement 1 is incorrect and statement 2 is correct

Both statements 1 and 2 are incorrect