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The correct answer is "Neither 1 nor 2."
Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), now known as the Indian Ocean Rim Association (IORA), is an intergovernmental organization consisting of coastal states bordering the Indian Ocean. It was established in 1997 with the objective of promoting regional cooperation and sustainable development within the Indian Ocean region.
Statement 1 is incorrect. IOR-ARC (IORA) was not established in response to incidents of piracy and accidents of oil spills. Its establishment was driven by the desire to enhance regional cooperation and strengthen economic ties among the member countries.
Statement 2 is also incorrect. IOR-ARC (IORA) is not solely focused on maritime security. While maritime security is one of the areas of cooperation, the organization`s scope extends to various other areas such as trade and investment facilitation, fisheries management, disaster risk management, academic and scientific cooperation, and tourism promotion.
Therefore, the correct answer is "Neither 1 nor 2."