Correct Option
Statement 1 is correct. The value of the vote of each Member of Legislative Assembly (MLA) in the Presidential election is determined by a formula: (Total population of the State / Total number of elected MLAs in the State) * 1/1000. Since the population and the number of elected MLAs vary significantly from one state to another, the value of an MLA's vote is different for each state.
Statement 2 is incorrect. The value of the vote of a Member of Parliament (MP) is uniform for both Lok Sabha and Rajya Sabha members. It is calculated by dividing the total value of votes of all MLAs of all states by the total number of elected MPs (from both Lok Sabha and Rajya Sabha). This method ensures that all elected MPs, irrespective of their house, have an equal vote value in the Presidential election.
Incorrect Options
Option (b) is incorrect because Statement 2 is false. The value of the vote of MPs of Lok Sabha and Rajya Sabha is equal, not different.
Option (c) is incorrect because Statement 2 is false, as explained above.
Option (d) is incorrect because Statement 1 is correct; the value of an MLA's vote varies from state to state.