Correct Option
Statement-I: Constitution Day, also known as Samvidhan Divas, is celebrated annually on 26th November. This observance, officially instituted by the Government of India in 2015, aims to promote constitutional values among citizens and commemorate the adoption of the Constitution of India by the Constituent Assembly on 26th November 1949. Therefore, Statement-I is correct.
Statement-II: The Drafting Committee of the Constituent Assembly, under the chairmanship of Dr. B.R. Ambedkar, was set up on 29th August 1947, not on 26th November 1949. On 26th November 1949, the Constituent Assembly adopted the Constitution of India. Hence, Statement-II is incorrect.
Given that Statement-I is correct and Statement-II is incorrect, option (3) is the correct answer.
Incorrect Options
Options (1), (2), and (4) are incorrect because Statement-II contains a factual inaccuracy. The Drafting Committee was constituted on 29th August 1947, while 26th November 1949 signifies the adoption of the Constitution by the Constituent Assembly. Therefore, any option asserting Statement-II as correct is invalid.