The correct answer is option 'C' - Both 1 and 2.

The Raisina Dialogue is a multilateral conference committed to addressing the most challenging issues facing the global community. It is annually conducted by the Ministry of External Affairs (MEA) of India and the Observer Research Foundation (ORF), a think tank based in India. Let's discuss each statement in detail:

1. It is a multilateral conference committed to addressing the most challenging issues facing the global community.
The Raisina Dialogue is indeed a multilateral conference that brings together policymakers, thought leaders, and experts from around the world to discuss and deliberate on various global issues. The conference aims to foster a global conversation on the most pressing challenges and opportunities facing the international community. It provides a platform for participants to exchange views, share insights, and explore potential solutions to address these issues.

2. It is annually conducted by MEA and Observer Research Foundation (ORF).
The Raisina Dialogue is jointly organized by the Ministry of External Affairs (MEA) of India and the Observer Research Foundation (ORF). The MEA is the government agency responsible for India's foreign relations and plays a key role in shaping the country's foreign policy. The ORF is an independent think tank based in India that conducts research and analysis on a wide range of issues, including international relations, security, and governance. The collaboration between these two institutions ensures the success and credibility of the Raisina Dialogue.

The Raisina Dialogue has emerged as a significant global platform for discussing and deliberating on important geopolitical, economic, and social issues. It attracts participants from various sectors, including government officials, diplomats, business leaders, academics, and civil society representatives. The conference features plenary sessions, panel discussions, and interactive sessions, allowing participants to engage in meaningful dialogue and exchange ideas.

The Raisina Dialogue has gained prominence and recognition over the years and has hosted several high-profile speakers, including heads of state, foreign ministers, and prominent thought leaders. It serves as a platform for building partnerships, fostering cooperation, and generating innovative solutions to global challenges.

In conclusion, the Raisina Dialogue is a multilateral conference committed to addressing the most challenging issues facing the global community. It is annually conducted by the Ministry of External Affairs (MEA) and the Observer Research Foundation (ORF). The conference plays a crucial role in facilitating dialogue, promoting understanding, and shaping global discourse on key global issues.