Given below are two statements:

Statement (I) : The Nalanda University of ancient India attracted students from various parts of Asia.

Statement (II) : The Nalanda University was overshadowed by the universities in Europe and Arabia immediately after its establishment.

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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