Given below are two statements :

Statement I: UGC has been established by an act of Indian parliament to regulate the quality of higher education.

Statement II: The executive council of a Central University is empowered to decide the minimum qualification for the recruitment of the faculty.

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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