A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (c) Both 1 and 2
Explanation
Both statements are correct. Indo-Russian Rifles Private Limited is an Indian defense joint venture established under an Inter-Governmental Agreement, and it signed a 5-year agreement with Adani Defence for the domestic supply of indigenous ammunition for AK-203 assault rifles.