In this problem, we are required to evaluate two statements regarding legal education and the organization of law entrance exams in India. Let's examine each statement individually:
- Statement 1: "National Law University Delhi is a premier institution established by the Bar Council of India."
- National Law University (NLU), Delhi is indeed a prestigious law school in India. However, it is not directly established by the Bar Council of India (BCI). NLUs in India, including NLU Delhi, are state universities established by respective state legislatures and are not under the direct establishment of the BCI.
- Though the Bar Council of India has a significant role in shaping legal education policies, it does not establish individual law universities.
- Statement 2: "The Common Law Admission Test is organized by the Consortium of National Law Universities, comprising representative Universities."
- The Common Law Admission Test (CLAT) is indeed organized by the Consortium of National Law Universities (CNLU), which is a body comprising representative national law universities in India.
- Each year, one of the member NLUs organizes the CLAT on behalf of the consortium, and the procedure is rotated among the NLUs.
Based on this analysis, the correct option is that "Only (2) is true".