Statement 1 is correct: According to Article 3, paragraph 1 of the Statute of the International Court of Justice, the Court consists of fifteen members, and no two of them may be nationals of the same State. Statement 2 is correct: As per Article 8 of the Statute, the members of the Court are elected by the General Assembly and the Security Council, which proceed independently of one another during the election process. A candidate must obtain an absolute majority of votes in both organs.