Given below are two statements:Statement I: The vice-chancellor of a University is an executive head who is vested with administrative as well as academic responsibilities.Statement II: For a charismatic leadership attribute in a vice-chancellor both transactional as well as transformational leadership competencies are needed.In the light of the above statements, choose the correct answer from the options given below:

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is correct but Statement II is false
• D. Statement I is incorrect but Statement II is true