The correct answer is Neither 1 nor 2. The elected members will serve three-year terms beginning January 2019. Hence Statement 1 is Not Correct.A country requires two-thirds of the total votes to become a member of ECOSOC. Hence Statement 2 is Not Correct. Important PointsThe Economic and Social Council (ECOSOC) is one of the 6 principal organs of the United Nations System established by the UN Charter in 1945.It consists of 54 Members of the United Nations elected by the General Assembly.It is the principal body for coordination, policy review, policy dialogue, and recommendations on economic, social, and environmental issues, as well as the implementation of internationally agreed development goals.It is the UN's central platform for reflection, debate, and innovative thinking on sustainable development.Out of the 54, 14 seats are allocated to African states, 11 to Asian states, 6 to Eastern European states, 10 to Latin American and Caribbean states, and 13 to Western European and other states.