Explanation:

The President is elected by members of electoral college consisting of elected members of both the Houses of Parliament, elected members of the legislative assemblies of the states and the elected members of the legislative assemblies of the Union Territories of Delhi and Puducherry.

Every elected member of the legislative assembly of a state shall have as many votes as there are multiples of one thousand in the quotient obtained by dividing the population of the state by the total number of the elected members of the assembly, because of this the value of vote of each MLA varies from state to state. Statement 1 is correct.

Every elected member of either House of Parliament shall have such number of votes as may be obtained by dividing the total number of votes assigned to members of the legislative assemblies of the states by the total number of the elected members of both the Houses of Parliament.  Statement 2 is incorrect.