Directions: In the question given below, a passage is given followed by five statements. Read the information and answer the question that follows.

The publication of results triggers a rush for seats in higher education institutions, and, in turn, another series of examinations to qualify for these. This transition to higher education is important as it determines the quantity and quality of human capital, which is vital for economic growth, In developing economies, including India, this transition is plagued by a mismatch between demand and supply.

What could be the possible reasons for the given passage?

I) In the case of premier institutions, which have multiple rounds of filtering mechanisms. They intensify competition to enter the institution which results in focused elimination.

II) Demand-supply mismatches in higher education arise due to the incongruence between the aspirations of students and parents.

III) Mismatch in demand and supply is determined by market forces in private institutions and government policies in public institutions. 

IV) In case of Public institutions that are funded by the government have a higher fee structure than other institutions.

V) The availability of courses and institutions gets concentrated in some specific regions, with other regions having generic courses(with outdated topics and syllabi).