With reference to the election of the President of India, consider the following statements: 1. The value of the vote of each MLA varies from State to State. 2. The value of the vote of MPs of the Lok Sabha is more than the value of the vote of MPs of the Rajya Sabha. Which of the statements given above is/are correct?

1. Statement 1 is correct. The value of the vote of each MLA in the election of the President of India is determined based on the population of the State they represent, divided by the total number of elected members in the State Legislative Assembly, further divided by 1000 (Article 55 of the Constitution). Since populations and the number of MLAs differ across states, the value of the vote indeed varies from State to State. 2. Statement 2 is incorrect. The value of the vote of each MP (Member of Parliament) is calculated by dividing the total value of votes of all elected MLAs of all States by the total number of elected MPs (from both Lok Sabha and Rajya Sabha). This ensures that the value of the vote is the same for every MP, regardless of whether they belong to the Lok Sabha or the Rajya Sabha. It is not more for Lok Sabha MPs.