Does Directive 5.7.2 apply to #elif directives?

[rg99]

Is the following intended to be compliant with 5.7.2?

Code:

#if 1
/* some code */
#elif 0
/* some code */
#endif

Presumably this is just as offensive to the spirit of 5.7.2 as #if 0 is but an official position would be appreciated as the Directive only actually mentions #if.