Consider the following statements regarding International Energy Agency(IEA).

1. India is a full-time member of IEA.

2. For a country to become full-time member of IEA, it must have crude oil reserves equivalent to 90 days of the previous year's net import.

Which of the statements given above is/are correct?

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

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