Explanation:

Recently, the Question Hour, which had been suspended by the government during the monsoon session, will resume when Parliament meets for the budget session.

• The summoning of Parliament is specified in Article 85 of the Constitution. The power to convene a session of Parliament rests with the government. 
• By convention (i.e. not provided by the Constitution), Parliament meets for three sessions in a year. However, the gap between two sessions of the Parliament cannot exceed 6 months, which means the Parliament meets at least two times in one year. 

Hence only statement 1st is correct.