Consider the following statements: 1. North Atlantic Co-operation Council (NACC) is the name of the new organization which has replaced the North Atlantic Treaty Organization (NATO). 2. The United States of America and the United Kingdom became the members of the NATO when it was formed in the year 1949. Which of the statements given above is/are correct?

1. Statement 1 is incorrect. The North Atlantic Cooperation Council (NACC) was a forum established in 1991 to facilitate dialogue and cooperation between NATO and former Warsaw Pact countries. It was succeeded by the Euro-Atlantic Partnership Council (EAPC) in 1997. It did not replace the North Atlantic Treaty Organization (NATO), which continues to exist. 2. Statement 2 is correct. NATO was formed in 1949 with the signing of the North Atlantic Treaty. Both the United States of America and the United Kingdom were among the 12 founding members.