Consider the following statements about the Petroleum And explosives Safety Organization (PESO) .

1.  It is a statutory body set up under the ministry of chemical and fertilizers.

2. It implements safety regulation norms for manufacturing and transportation of hazardous substances. 

Which of the above statements is/are correct?

1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2

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