Explanation:

Both statements are incorrect.

The Economic Survey of India is an annual document released by the Ministry of Finance, Government of India.

• The Economic Survey document is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor.
• It contains the most authoritative and updated source of data on India’s economy.
• It is a report that the government presents on the state of the economy in the past one year, the key challenges it anticipates, and their possible solutions.
• It is usually presented a day before the Union Budget is presented in the Parliament.
• The first Economic Survey in India was presented in the year 1950-51. Up to 1964, it was presented along with the Union Budget. From 1964 onwards, it has been delinked from the Budget. 

Hence option 4th is correct.