Which of the following statements regarding 'Green Climate Fund' is/are correct?1.It is intended to assist the developing countries in adaptation and mitigation practices to counter climate change.2.It is founded under the aegis of UNEP, OECD, Asian Development Bank and World Bank.Select the correct answer using the codes given below

1. A

   1 only

   (a) 1 only. The Green Climate Fund is meant to help developing countries with climate adaptation and mitigation. It was created under the UNFCCC (Cancun, 2010), not jointly by UNEP, OECD, ADB and the World Bank. Statement 1 is true and 2 is false; that is the official key.

2. B

   2 only

   (b) 2 only. The founding-aegis list in statement 2 is incorrect. 2 only cannot be the key.

3. C

   Both 1 and 2

   (c) Both 1 and 2. Statement 2 fails, so both is wrong.

4. D

   Neither 1 nor 2

   (d) Neither 1 nor 2. Statement 1 is the Fund’s stated purpose. Neither-nor is wrong.

Summary. Official key is (a) 1 only. GCF finances adaptation and mitigation in developing countries. It is a UNFCCC financial mechanism, not a UNEP–OECD–ADB–World Bank joint foundation. Statement 2 is therefore false. Only statement 1 is correct.