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Statement: The college has finally received accreditation and has gained the status of a deemed university. Which of the following can be a possible effect of the above statement? 1) The principal of the college will now have to be a retired government official. 2) The number of students seeking admission to this college in the next academic year would drop significantly. 3) The college will charge lesser fees from all its students despite not getting a grant from the government. 4) the college will reduce the number of courses that it runs by a significant margin. 5) The reputation of the college amongst the student population in general has improved.

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