With reference to 'Quality Council of India (QCI)', consider the following statements : 1. QCI was set up jointly by the Government of India and the Indian Industry. 2. Chairman of QCI is appointed by the Prime Minister on the recommendations of the industry to the Government. Which of the above statements is/are correct?

1. Statement 1 is correct. The Quality Council of India (QCI) was established in 1997 as an autonomous body set up jointly by the Government of India and the Indian Industry, represented by three premier industry associations: the Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI), and the Associated Chambers of Commerce and Industry of India (ASSOCHAM). 2. Statement 2 is correct. The Chairman of QCI is appointed by the Prime Minister of India, usually on the recommendations of the industry stakeholders to the Government. 3. Therefore, both statements are correct.