Given below are two statements :

Statement I: As a result of the recommendation of the 'Woods despatch' modern University education in India began in 1857. When the universities of Calcutta, Bombay and Madras were founded by the British.

Statement II: The Banaras Hindu University, Varanasi was established in the year 1927.

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

1
Both Statement I and Statement II are correct
2
Both Statement I and Statement II are incorrect
3
Statement I is correct but Statement II is incorrect
4
Statement I is incorrect but Statement II is correct

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