With reference to Global Environment Facility, which of the following statements is/are correct?

1. It was established in 1991.
2. Only the developed countries are donors to it.

Select the correct answer from the code given below :
Code:

A) Only 2

B) Neither 1 nor 2

C) Both 1 and 2

D) Only 1

This MCQ is part of the UP PSC Previous Year Questions (PYQs) series, focusing on UPPSC Prelims 2025 (GS Paper I)