Correct Option
Statement 1 is incorrect. The first woman President of the Indian National Congress was Annie Besant, who presided over the Calcutta Session in 1917. Sarojini Naidu became the first Indian woman President of the INC, presiding over the Kanpur Session in 1925.
Statement 2 is correct. Badruddin Tyabji was the first Muslim President of the Indian National Congress. He presided over the third session of the INC held in Madras in 1887.
Incorrect Options
Option (a) is incorrect because Statement 1 is factually inaccurate regarding the first woman President of the INC.
Option (c) is incorrect as Statement 1 is not correct.
Option (d) is incorrect because Statement 2 is factually correct.