Q.)Consider the following statements regarding the 'Academic B | UPSC Current Affairs Daily

Q.)Consider the following statements regarding the
"Academic Bank of Credit (ABC)".
1. Academic Bank of Credit is a virtual storehouse that
will keep records of academic credits secured by a
student.
2. It is drafted on
the lines of the National Academic
Depository.
3. ABC will accept any credit course document directly
from the students, and its institutes that will make the
deposits in students' accounts.