Which of the following is true about the Indian Institute of Managements IIMs ........

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Which of the following is true about the Indian Institute of Managements (IIMs):

They are the institutes of national importance which give MBA degree on successful completion of 2 years coursework to the graduate students.

They are the institutes of national importance which give 2 years diploma in management studies on successful completion of 2 years coursework to the graduate students.

They are societies registered under the Societies Registration Act which give 2 years diploma in management studies on successful completion of 2 years coursework to the graduate students.

They are societies registered the under Societies Registration Act which give MBA degree on successful completion of 2 years coursework to the graduating students

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Explanation:

3rd option is correct.
Indian Institute of Managements (IIMs) are societies registered under the Societies Registration Act which give 2 years diploma in management studies on successful completion of 2 years coursework to the graduate students.
The Indian Institutes of Management (IIMs) are a group of 20 public, autonomous institutes of management education and research in India.