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Each question is followed by two statements, I and II. Answer each question using the following instructions:

Mark (1) if the question can be answered by using statement I alone but not by using statement II alone.
Mark (2) if the question can be answered by using statement II alone but not by using statement I alone.
Mark (3) if the question can be answered by using either of the statements alone.
Mark (4) if the question can be answered by using both the statements together but not by either of the statements alone.
Mark (5) if the question cannot be answered by using any of the statements.

Five students Atul, Bala, Chetan, Dev and Ernesto were the only ones who participated in a quiz contest. They were ranked based on their scores in the contest. Dev got a higher rank as compared to Ernesto, while Bala got a higher rank as compared to Chetan. Chetan’s rank was lower than the median. Who among the five got the highest rank?

I. Atul was the last rank holder.
II. Bala was not among the top two rank holders.