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With reference to Corporate Social Responsibility (CSR) rules in India, consider the following statements: 1. CSR rules specify that expenditures benefiting the company directly or its employees are not considered CSR activities. 2. CSR rules do not specify a minimum spending requirement. Which of the statements given above is/are correct?

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2

Explanation: