Statement-I is incorrect: Following the Wild Life (Protection) Amendment Act, 2022, the number of schedules was reduced from six to four. Schedule V (the vermin category) was abolished. The Indian Flying Fox is currently listed under Schedule II, providing it with higher protection. It is no longer legally classified as "vermin" under the Act.

Statement-II is incorrect: The Indian Flying Fox is one of the largest bats in the world and is a frugivore. Its diet consists of fruits (like mangoes, guavas, and figs) and nectar. It does not feed on blood; "vampire bats" are a different group of species found primarily in Central and South America.

Note: None of the option is correct as both options are incorrect, UPSC dropped this question from the final answer key.