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Option 1 states that the National Green Tribunal (NGT) has been established by an Act, while the Central Pollution Control Board (CPCB) has been created by an executive order of the government. This is incorrect. The NGT was established by an Act of Parliament (The National Green Tribunal Act of 2010), but so was the CPCB (under The Water Act of 1974). Hence, they both have a legislative basis, not executive.
Option 2 states that the NGT provides environmental justice and helps reduce the burden of litigation in the higher courts, and that the CPCB promotes cleanliness of streams and wells, and aims to improve the quality of air in the country. This is correct. The NGT is a specialised body equipped with the necessary expertise to handle environmental disputes involving multidisciplinary issues, while the CPCB is an organisation that guides activities in the field of control and abatement of air and water pollution.
So the correct answer is Option 2 - only the second statement is correct.