Option 1: Both the statements are individually true and Statement II is the correct explanation of Statement I.

This option is not correct because while both statements could be true, there is no evidence or explanation provided in Statement II to support or explain Statement I. The option suggests that universities playing a small role in research activities is the reason for private investments lagging behind public investments, but this connection is not explicitly mentioned or explained.

Option 2: Both the statements are individually true but Statement II is not the correct explanation of Statement I.

This option is correct. It acknowledges that both statements are true, meaning private investments in research have indeed lagged behind public investments in India and universities do play a relatively small role in research activities. However, there is no direct causal relationship or explanation provided in Statement II for why private investments are lagging behind public investments.

Option 3: Statement I is true but Statement II is false.

This option is not correct because both statements are actually true. Public investments in research in India have outpaced private investments, and universities do play a relatively small role in research activities.

Option 4: Statement I is false but Statement II is true.

This option is not correct because Statement I is actually true. Private investments in research have indeed lagged behind