Explanation:

Supreme Court of India is the highest judicial court and the final court of appeal under the Constitution of India, the highest constitutional court, with the power of judicial review. 

• India has a single and unified judicial system with three tier structure, i.e. Supreme Court, High Courts and Subordinate Courts.

Constitutional provisions

• The Indian constitution under Article 124(1) states that there shall be a Supreme Court of India constituting of a Chief Justice of India (CJI) and, until Parliament by law prescribes a larger number, of not more than seven other Judges.
• Articles 124 to 147 in Part V of the Constitution deal with the organisation, independence, jurisdiction, powers and procedures of the Supreme Court. 

Jurisdiction

• Its jurisdiction is generally classified into original, appellate and advisory.
• As the highest court in India, the Supreme Court’s judgments are binding on all other courts in the country. 
• It serves both as the final court of appeals and final interpreter of the Constitution. 
• Under its original jurisdiction, the Court enforces fundamental rights, hears federal disputes and can transfer cases.  

Hence only statement 1st is correct.