Consider the following statements: 1. Suez Canal is an important link between developed countries and developing countries. 2. It joins the Mediterranean Sea with the Gulf of Suez 3. It is not a sea level canal. Which of the statement given above is/are correct? [CDS 2009]

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Consider the following statements: 1. Suez Canal is an important link between developed countries and developing countries. 2. It joins the Mediterranean Sea with the Gulf of Suez 3. It is not a sea level canal. Which of the statement given above is/are correct? [CDS 2009]