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GS Question

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Which of the statements regarding 'Green Climate Fund' is/are correct?

1. It is intended to assist the developing countries in adaption and mitigation practices to counter climate change. 2. It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank.

Select the correct answer using the code given below:

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2