A
Both 1 and 2
B
Neither 1 nor 2
C
1 only
D
2 only
Correct answer: (c) 1 only
Explanation
Statement 1 is correct as direct foreign exchange intervention alters net foreign exchange assets directly. Statement 2 is incorrect because oil marketing companies are state-owned or private enterprises engaged in refining, importing, and distributing petroleum products, and are not strictly managed solely as direct departmental units of the Ministry of Finance in that context.
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