Hint: The Parliament has designated Nalanda University as an International Institution of National Importance. It is also known as Nalanda International University. After a period of 800 years, it reopened with its first batch of students in September 2014. The famous ancient Nalanda University that functioned back to the fifth and thirteen century. The Gupta King KumaraGupta I built Nalanda University in the 5th century.
The idea of modern Nalanda University was endorsed in the 2007 East Asia Summit that was represented mostly by Asian countries. Its modern campus is said to be the largest of its kind in India and one of the largest in Asia after the completion of its work by 2020-21.. Amartya Sen was the first Chancellor of the University. It is exclusively a graduate school that offers only Masters' courses and Ph.D. programs. In March 2006, then President, A.P.J. Abdul Kalam proposed the idea for the revival of Nalanda University during his address to the joint sitting of the Bihar Vidhan Mandal. Vastu Shilpa, the winner of its design competition provided the triple net-zero energy, water, and waste strategic plan.
So, the correct answer is Option C.
Note: Presently, the chancellor is Vijay Bhatkar and Vice-Chancellor is Sunaina Singh. Initially, it commences its operation in Japanese, Chinese, and Sanskrit. Gradually, it will be expanding its scope in other languages like Indian and foreign languages. Hence, the University still has its significance at the National and International levels.