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Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below.

Statement I:The Programme Evaluation Organisation was set up in 1952 under the Planning Commission.
Statement II:It was one of the earliest institutional mechanisms for evaluating development programmes in India.
ABoth Statement I and Statement II are incorrect
BBoth Statement I and Statement II are correct
CStatement I is correct but Statement II is incorrect
DStatement I is incorrect but Statement II is correct
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