Consider the following statements:
1. Group of 77 is a loose coalition of developing and developed nations of the world.
2. Group of 77 was founded in 1964 by the "Joint Declaration of the Seventy Seven Countries" issued at the United Nations Conference on Trade and Development.
Which of the statements given above is/are correct?

Only 1

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Only 2

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Both 1 and 2

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Neither 1 nor 2

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Solution

The correct option is B Only 2
The Group of 77 at the United Nations is a coalition of developing nations, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. The group was founded on 15 June 1964, by the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD)

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