Consider the following statements: 
1. New START Treaty is the successor treaty of START II 
2. New START requires both sides (US and Russia) to reduce their arsenal of warheads by roughly one-third of current levels
Which among the above statements is / are correct?

[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] None of the above

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.