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Given below are two statements. In the light of the above statements, choose the most appropriate…

Paper 1 · Higher Education UGC NET December 2023 (14.12.2023) Shift-I
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 — Statement I is correct but Statement II is incorrect, so that is the answer.
Explanation
Statement I is correct but Statement II is incorrect, so that is the answer.
Financing higher education in India depends on available resources and financial conditions.
Its sources include government funds, fees, donations and educational cess, so Statement I is correct.
NEP 2020 proposes the Higher Education Commission of India with four verticals.
The Higher Education Grants Council is the funding vertical, but it is not the second vertical as stated.
Because the vertical position is misstated, Statement II is incorrect.

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