Given below are two statements:

Statement I: Universities are established by Central/State Act under 2(f) of the UGC Act, 1956.

Statement II: Deemed to be University is declared by a Notification of the Central Government, on the advice of the UGC, under section 3 of the UGC Act. 1956.

In light of the above statement, chosen the most appropriate answer from the option given below:

1
Both statement I and statement II are true.
2
Both statement I and statement II are false.
3
Statement I is correct but statement II is false.
4
Statement I is incorrect but statement II is true.

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