Explanation:

Both statements 1&2 are correct.
Missile Technology Control Regime (MTCR)

• It is an informal and voluntary partnership among 35 countries to prevent the proliferation of missile and unmanned aerial vehicle technology capable of carrying greater than 500 kg payload for more than 300 km.
• The members are thus prohibited from supplying such missiles and UAV systems that are controlled by the MTCR to non-members.
• The decisions are taken by consensus of all the members.
• This is a non–treaty association of member countries with certain guidelines about the information sharing, national control laws and export policies for missile systems and a rule-based regulation mechanism to limit the transfer of such critical technologies of these missile systems.
• It was established in April 1987 by G-7 countries – USA, UK, France, Germany, Canada, Italy, and Japan.
• It is not a legally-binding treaty. Hence, no punitive measures could be taken against non-compliance to the guidelines of the regime.
• India was inducted into the Missile Technology Control Regime in 2016 as the 35th member.
• India can procure high-end missile technology and run joint programmes for development of unmanned aerial vehicles with other countries. eg. Procurement of theater missile interceptor “Arrow II '' from Israel, military drones like “Avenger” from the USA etc.

Hence option 1st is correct.