Given below are two statements:

Statement I: The Indian universities to reach global standards need sustained support for programmes in research and development.

Statement II: The 'knowledge economy', as envisaged by the Knowledge Commission, does not need government involvement in higher education.

In 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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