Explanation:

- Statement 1: Ladakh is a cold desert, but it is located between the Greater Himalayas and the Karakoram Range, not the Pir Panjal Range. The Pir Panjal Range is in the southern part of Kashmir.

- Statement 2: The Kashmir Valley is situated between the Pir Panjal Range and the Greater Himalayas, not the Karakoram Range.

- Option 1: This is incorrect because Ladakh is not between the Greater Himalayas and Pir Panjal Range.

- Option 2: This is incorrect because the Kashmir Valley is not between the Karakoram and Greater Himalayas.

- Option 3: This is incorrect as both statements are wrong.

- Option 4: This is correct as both statements provided are incorrect.

Correct Answer: Option 4 - Neither is correct.