What are the main privileges of the five permanent members?

Both options 1 and 2

The correct answer is Option 3 - Both options 1 and 2

The main privileges of the five permanent members are permanency and veto power.

In the Security Council, there are five permanent members and ten non-permanent members. The Charter gave the permanent members a privileged position to bring about stability in the world after the Second World War. The main privileges of the five permanent members are permanency and the veto power. The non-permanent members serve for only two years at a time and give way after that period to newly elected members. A country cannot be re-elected immediately after completing a term of two years. The non-permanent members are elected in a manner so that they represent all continents of the world. Most importantly, the non-permanent members do not have veto power.