International Energy Agency (IEA)

Consider the given statements in contest to the India and the International Energy Agency (IEA):

  1. India in March 2017 became an associate member of the Paris-based body which advises industrialised nations on energy policies.
  2. According to IEA, a member country must maintain "crude oil and/or product reserves equivalent to 120 days of the previous year's net imports, to which the government has immediate access (even if it does not own them directly) and could be used to address disruptions to global oil supply."
  3. Also, a member of IEA has to show "a demand restraint programme to reduce national oil consumption by up to 10%."

Choose the correct answer from the options given below:

Only 1
2 and 3
Only 3
1 and 3