Solution:Statements 1 and 2 are correct about the Shanghai Cooperation Organisation (SCO).It is a Eurasian political, economic, international security and defence organisation established by China and Russia in 2001.
It is the world's largest regional organisation in terms of geographic scope and population. One of the goals of SCO is to promote a new democratic, fair and rational international political and economic order.
In June 2017, it expanded to eight states, with India and Pakistan. Iran joined the group in July 2023.