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The correct answer is option A: 1 and 2 only.
Statement 1 is correct. The Parliament (Prevention of Disqualification) Act, 1959 specifies that certain offices or positions held by Members of Parliament or Members of State Legislatures will not disqualify them from their membership in Parliament or the State Legislature. This exemption is subject to certain conditions and criteria.
Statement 2 is also correct. The Parliament (Prevention of Disqualification) Act, 1959 has been amended five times: in 1960, 1971, 1972, 2006, and 2008.
Statement 3 is incorrect. The term Office of Profit is not defined in the Constitution of India. The definition of this term is based on various interpretations of judicial pronouncements, and the Parliament (Prevention of Disqualification) Act, 1959.