Which of the following statements regarding 39 Atal Ranking of Institutions on Innovation Achievemen...........

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Which of the following statements regarding 'Atal Ranking of Institutions on Innovation Achievements (ARIIA)' is/ are correct?

ARIIA has been launched by the NITI Aayog to systematically rank educational institutions and universities primarily on innovation related indicators.
ARIIA will be based on five equally weighted parameters and will rank the institutions out of 100.

Select the correct answer using the codes given below

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Fourth option is correct.

ARIIA has been developed by Human Resource Ministry of the Union of India to systematically rank education institutions and universities primarily on innovation related indicators. It measures some parameters which are India-specificconsidering current scenario and status of higher education in India. ARIIA parameters are primarily organised in five broad heads which are further elaborated into suitable sub-heads.

The five parameters are: Innovation role in budget (20), Entrepreneurial support system and access to advance centres / facilities (10), Idea to Entrepreneurship (54), Innovation in teaching and learning (10) and Innovative solutions developed in-house for improving governance of institution (6). Each of five main parameters has certain weightage assigned to it and sub-heads also have appropriate weight distribution. The institutions will be rank-ordered based on scores. The overall score can take a maximum value of 100.