Correct option is C
Statement-I is correct.
The Indian Flying Fox is listed under Schedule V of the Wild Life (Protection) Act, 1972. Schedule V includes animals that are considered less vulnerable and can be hunted under specific regulations. This schedule includes species that are either common, abundant, or considered pests. While the Indian Flying Fox is not classified as a vermin (species that can be killed without restrictions), its inclusion in Schedule V means it does not receive the same level of protection as species listed in Schedules I through IV. These other schedules cover animals that are either endangered or of significant conservation concern and are afforded stronger legal protections against hunting and exploitation.
Statement-II is incorrect.
The Indian Flying Fox is a frugivore, which means its diet consists mainly of fruits, nectar, and flowers. This bat species plays an important role in its ecosystem by helping with seed dispersal and pollination. The Indian Flying Fox is sometimes mistaken for vampire bats, which are a different type of bat that feeds on the blood of animals. However, vampire bats belong to the subfamily Desmodontinae and are native to the Americas, not India. The Indian Flying Fox, by contrast, is entirely herbivorous and feeds primarily on fruits, nectar, and flowers, not on the blood of other animals.