Statement 1 is incorrect. The President is elected by an electoral college consisting of the elected members of both Houses of Parliament and the elected members of the legislative assemblies of the States (Article 54). The Vice-President is elected by an electoral college consisting of members of both Houses of Parliament (elected and nominated) (Article 66). Therefore, the claim that the Vice- President is elected by the Rajya Sabha alone is false. Statement 2 is correct. The electoral college for the Vice-President consists only of members of Parliament. Elected members of state legislative assemblies participate in the President's election but not in the Vice-President's election.