Given below are two statements:

Statement - I: University Grants Commission (UGC) became a statutory organization of the Government of India by an act of Parliament in 1956.

Statement - II: National Council of Educational Research and Training (NCERT) is an autonomous organization set up in 1961 by the Government of India.

In the light of the above statements, choose the correct 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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