Which of the following statements with regard to Bharat Ratna Award is/are correct? 1. It was instituted in the year 1972. 2. The award does not carry any monetary grant. Select the correct answer using the code given below.

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Q: 6 (CDS-I/2024)
Which of the following statements with regard to Bharat Ratna Award is/are correct?
1. It was instituted in the year 1972.
2. The award does not carry any monetary grant.
Select the correct answer using the code given below.

question_subject: 

Polity

question_exam: 

CDS-I

The Bharat Ratna was instituted in 1954, not 1972. The statement about it not carrying any monetary grant is correct as recipients receive a certificate and a medallion but no financial reward.