Given below are two statements:

Statement I: The NEP 2020 recommends the establishment of an academic bank of credit to facilitate the transfer of credits between the institutions.

Statement II: One of the objectives of NEP 2020 is to increase the number of multidisciplinary institutions in the country.

In the light of the above statements, choose the correct answer from the options given below

The correct answer is: Both Statement I and Statement II are true.

To understand why both statements are correct, let us analyze them step-by-step:

Analysis of Statement I:
The National Education Policy (NEP) 2020 recommended the establishment of the Academic Bank of Credit (ABC). The ABC functions as a digital repository that stores academic credits earned by students from various recognized Higher Education Institutions (HEIs). This facility allows students to seamlessly transfer credits, supporting the policy's flexible curriculum structure with multiple entry and exit points. Therefore, Statement I is true.

Analysis of Statement II:
A major objective of NEP 2020 is to transform single-stream higher education institutions into large, multidisciplinary universities, colleges, and HEI clusters. The policy envisions establishing at least one large multidisciplinary higher education institution in or near every district by 2030 to promote holistic, well-rounded learning across diverse academic disciplines. Therefore, Statement II is true.

Since both Statement I and Statement II are correct according to the guidelines of the policy, the correct choice is that both statements are true.