National Biodiversity Authority was set up in Chennai under

Consider the following statements.
1) Earth Summit was the first comprehensive global agreement to address all the aspects of biodiversity held in Colombia.
2) National Biodiversity Authority was set up in Chennai under the Biological Diversity Act 2002. 

Which of the statements given above is/are correct?
(A) 1 only
(B) 2 only
(C) Both 1 & 2
(D) neither 1 nor 2

Answer:  (B) 2 only