Which of the following statements are correct about Jainism and Buddhism?

1. The rise of Jainism and Buddhism was a result of the complex rituals and sacrifices advocated in the Later Vedic period.

2. The chief support to these new religions came from the merchant class.

3. A new class of hereditary merchants was known as vaniya, which came into existence during the Rig Vedic period, who then supported these heterodox religions.

Select the correct answer using the code given below:

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