Given below are two statements:

Statement I: NITI Aayog, a policy think-tank of Gol, is a statutory body.

Statement II: In NITI Aayog, the acronym NITI stands for National Insti-tute for Technology Initiatives.

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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