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The correct answer is option 1, which states that only statement 1 is correct. The National Water Academy (NWA) does have the primary objective of functioning as a Centre of Excellence in training for in-service engineers from Central and State organizations on various aspects of water resource planning. This means that the NWA aims to provide high-quality training and skill enhancement opportunities to engineers working in water resource planning.
However, statement 2 is incorrect. The NWA is not located in New Delhi. It is actually located in Pune, Maharashtra. Pune is a city in western India, known for its educational institutions and research centers.
In summary, option 1 is correct because statement 1 accurately describes the objective of the NWA, but statement 2 is incorrect as the NWA is not located in New Delhi.