- Statement 1 is correct: Constitutional bodies are established directly by the Constitution and derive their powers from specific articles. Examples provided like the Finance Commission (Art 280), UPSC (Art 315-323), Election Commission (Art 324), and CAG (Art 148) are indeed constitutional bodies. - Statement 2 is correct: Statutory bodies are created by a specific Act of Parliament or a State Legislature. Examples provided like SEBI (SEBI Act, 1992), NHRC (Protection of Human Rights Act, 1993), and UIDAI (Aadhaar Act, 2016, replacing an executive order basis) are statutory bodies. The National Law Commission is typically formed by an executive order, placing it in the category of extra- constitutional/non-statutory bodies, but the primary definition of statutory bodies as created by law is correct, and most examples fit. In the context of such a question, the distinction and the list are generally considered correct.