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

Statement I:Financing higher education in a country like India depends upon availability of resources and other financial implications.

Statement II:According to NEP 2020, funding and financing of higher education will be carried out by the second vertical of the Higher Education Commission of India, that is the Higher Education Grants Council.

ABoth Statement I and Statement II are correct

BBoth Statement I and Statement II are incorrect

CStatement I is correct but Statement II is incorrect ✓ Correct

DStatement I is incorrect but Statement II is correct

Correct answer: (C) Statement I is correct but Statement II is incorrect

Explanation

Statement 1 is correct, as financing higher education in India genuinely depends on the availability of resources and broader financial considerations.

Statement 2 is incorrect, as the Higher Education Grants Council handles funding but is not the second vertical of the Higher Education Commission of India.

In the design of the commission the funding vertical is placed after regulation and accreditation.

Naming it the second vertical misstates its position in the four-vertical structure.

The Higher Education Grants Council is meant to disburse grants transparently, replacing the grant role of the UGC.

The four verticals cover regulation, accreditation, funding and academic standards.

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