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The correct answer is option 1, which states that statement 1 is correct while statement 2 is incorrect. Now let`s dissect each option to better understand the answer:
Option 1: "1 only"
This option states that statement 1 is correct while statement 2 is incorrect. According to the Indian Constitution, elections to the House of the People and the Legislative Assemblies of States are indeed based on universal adult suffrage. This means that every citizen of India who is above the age of 18 has the right to vote in these elections. Therefore, statement 1 is correct. However, the Constitution does not stipulate that there will be separate electoral rolls for Parliamentary and State Assembly elections. Hence, statement 2 is incorrect.
Option 2: "2 only"
This option states that statement 2 is correct while statement 1 is incorrect. Since we know that statement 1 is correct, this option is incorrect.
Option 3: "Both 1 and 2"
This option states that both statement 1 and statement 2 are correct. However, as discussed earlier, statement 2 is incorrect. Therefore, this option is incorrect.
Option 4: "Neither 1 nor 2"
This option states that both statement 1 and