Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below.
A private university is indeed set up through a legislative Act by a sponsoring society or trust, but its chancellor is not appointed by the Chief Minister or Prime Minister.
Statement 1 is correct because a private university is created by a State or Central Act, often by a society registered under the Societies Registration Act.
Statement 2 is wrong since the chancellor of a private university is generally the sponsor or a person named under its own Act, not a political head of government.
Each private university is established through its own separate legislation.
The University Grants Commission monitors private universities to ensure standards.
They may award degrees but cannot open affiliated colleges or off-campus centres freely.
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