Explanation:

Bhikaiji Rustom Cama was one of the prominent figures in the Indian independence movement.
On 22 August 1907, Cama attended the second Socialist Congress at Stuttgart, Germany, where she described the devastating effects of a famine that had struck the Indian subcontinent. In her appeal for human rights, equality and for autonomy from Great Britain, she unfurled what she called the "Flag of Indian Independence".

Statement 1 is correct. The Paris Indian Society was an Indian nationalist organisation founded in 1905 at Paris under the patronage of Madam Bhikaji Rustom Cama, Munchershah Burjorji Godrej and S. R. Rana.

Statement 2 is incorrect. Shyamji Krishnavarma had started a journal The Indian Sociologist in London. Madam Bhikaji Cama brought out a publication Bande Mataram.

Shyamji Krishna Varma was an Indian revolutionary fighter who founded the Indian Home Rule Society, India House and The Indian Sociologist in London. As many Indian students faced racist attitudes when seeking accommodations, he founded India House as a hostel for Indian students.