Which one of the following statements is not correct in respect of the South Asian Association for Regional Cooperation (SAARC)?
1
It is an intergovernmental organization for the development of economic and regional integration.
2
It was founded by seven member states in 1985.
3
The Headquarters and Secretariat of the Association are at Kathmandu, Nepal.
4
SAARC comprises of 9 member states and 8 observer states.
5
Not Attempted