Consider the following statements regarding Employees' Provident Fund Organization, EPFO.

1. The Central Board of Trustees (CBT) is the apex decision-making body of Employees' Provident Fund Organization, EPFO.

2. Board decided to empower the Finance Investment and Audit Committee to decide upon the investment options, on case-to-case basis, for investment in all such asset classes which are included in the Pattern of Investment.

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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