With respect to the “Generalised System of Preferences (GSP)”, consider the following statements:   
1. It is instituted under the aegis of the United Nations Conference on Trade and Development (UNCTAD).   
2. It aims to enable the countries to give special preference to the developing and the poor countries, by importing goods and services at zero customs duty.   
Which of the statements given above is/are correct?   


How many 4 letter words, with or without meaning, which can be formed out of the letters of the word “ NOTE”, where the repetition of the letters is not allowed?.


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