Consider the following statements:
1. Bureau of Indian Standards was set up as a statutory organization under the Bureau of Indian Standards Act, 1986
2. Bureau of Indian Standards had taken over the assets and liabilities of the Indian Standards Institution (ISI) that came into existence in 1947.
Which among the above statements is / are correct?
[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Both 1 & 2 are incorrect

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