Given below are two statements:

Statement I: AICTE set up a National Board of Accreditation (NBA).

Statement II: UGC set up a National Assessment and Accreditation Council (NAAC).

In the light of the above statements, choose the correct answer from the options given below:

1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true

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