Explanation:

Statement 1: No body supervises the work of state legislatures. At most, the Parliament can interfere in state legislative matters in special circumstances such as national emergency, Rajya Sabha resolution etc.

Statement 2: This is the responsibility of the Cabinet and more importantly the Prime Minister, Cabinet Secretariat and the PMO. According to parliamentary form of government executive is responsible to the parliament for its acts and policies. Hence parliament exercises control by various measures like committees, question hour, zero hour etc. ministers are collectively responsible to the Parliament. It includes enactment of budget, scrutinizing the performance of government with respect of financial spending through financial committees (post budgetary control).