Which among the following statements is/are true with regard to WTO membership?1. All WTO members automatically receive the 'most favored nation' status.2. Over 75% of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff.Select the correct answer using the codes given below.

Which among the following statements is/are true with regard to WTO me

1.	Which among the following statements is/are true with regard to WTO membership?1. All WTO members automatically receive the 'most favored nation' status.2. Over 75% of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff.Select the correct answer using the codes given below.
A.	1 only
B.	2 only
C.	Both 1 and 2
D.	Neither 1 nor 2
Answer» C. Both 1 and 2