Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — Neither 1 nor 2
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: The Australia Group focuses on chemical and biological weapons proliferation, while the Wassenaar Arrangement deals with export controls for conventional arms and dual-use goods and technologies. Moreover, Wassenaar is not under the OECD. Statement 2 is incorrect: Both groupings are predominantly composed of Western, European, and industrialized nations (developed countries), not primarily Asian/African nations.
Both export control regimes are informal plurilateral mechanisms (not OECD bodies), and their mandates differ: Australia Group deals with Chemical/Biological weapons, while Wassenaar deals with Conventional Arms and Dual-Use goods.
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