Academic Bank Of Credit

Consider the following statements with reference to the Academic Bank of Credit:

  1. Proposed in the National Education Policy, 2020, it is a virtual storehouse that will keep records of academic credits secured by a student.
  2. It offers flexibility to students and executives to promote liberal education, according to draft rules prepared by the University Grants Commission (UGC).
  3. Students will have to open an Academic Bank Account and every account holder would be provided with a unique id and Standard Operating Procedure (SOP).

Which of the statement(s) given above is/are correct?

1 and 3
Only 1
2 and 3
1, 2 and 3