Consider the following statements regarding Gallantry Awards :
1. Order of precedence of Gallantry Awards is the Param Vir Chakra, the Ashoka Chakra, the Mahavir Chakra, the Kirti Chakra, the Vir Chakra and the Shaurya Chakra.
2. The Peacetime Highest Gallantry Award is Shaurya Chakra.
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