Explanation:

Electromagnetic attraction is not relevant for large celestial bodies, such as planets, stars, and galaxies, simply because such bodies contain equal numbers of protons and electrons and so have a net electric charge of zero.
Nothing "cancels" gravity, since it is only attractive, unlike electric forces which can be attractive or repulsive. So, statement 1 is correct.
Electromagnetism is infinite-ranged like gravity. So, statement 2 is wrong.
Learning: Gravitation is by far the weakest of the four interactions. For e.g. even a small magnet is able to hold the pin against the gravitational pull of the entire Earth!
Yet gravitation is very important for macroscopic objects and over macroscopic distances for the following reasons. Gravitation:
is the only interaction that acts on all particles having mass, energy and/or momentum; has an infinite range, like electromagnetism but unlike strong and weak interaction; cannot be absorbed, transformed, or shielded against;
always attracts and never repels.