As per NEP 2020, consider the following two statements :

Statement I: The second vertical of Higher Education Commission of India will be a 'meta accrediting body', called National Accreditation Council (NAC)

Statement II: In the long run, it is envisaged that accreditation will become a binary process, as per extant global practice.

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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