With reference to the World Intellectual Property Organization (WIPO), which of the following statements is/are correct?1. It is the global forum for intellectual property (IP) services, policy, information and cooperation.2. It is a self-funding agency of the United Nations. Select the correct answer using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

WIPO is the global forum for intellectual property (IP) services, policy, information and cooperation.

We are a self-funding agency of the United Nations, with 193 member states.
Our mission is to lead the development of a balanced and effective international IP system that enables innovation and creativity for the benefit of all.
Our mandate, governing bodies and procedures are set out in the WIPO Convention, which established WIPO in 1967.