Which one of the following statements about the Wassenaar Arrangement

Which one of the following statements about the Wassenaar Arrangement is not correct?

There are 42 participating nations in the Arrangement.
It is formed primarily as a nuclear weapon overseer.
India is the current Chairman of the Arrangement.
India joined the Arrangement in the year 2017.
This question was previously asked in
UPSC CDS-1 – 2023
The statement “It is formed primarily as a nuclear weapon overseer” is not correct. The Wassenaar Arrangement (WA) is a multilateral export control regime that deals with conventional arms and dual-use goods and technologies, not primarily nuclear weapons. Nuclear proliferation is mainly addressed by the Nuclear Non-Proliferation Treaty (NPT) and enforced by bodies like the IAEA, and other regimes like the Nuclear Suppliers Group (NSG).
The Wassenaar Arrangement promotes transparency and greater responsibility in the transfer of conventional arms and dual-use goods and technologies to prevent destabilising accumulations.
There are 42 participating states in the Wassenaar Arrangement. India joined the WA in December 2017. India assumed the chairmanship of the Wassenaar Arrangement for a one-year term starting from January 1, 2023.