With reference to the election of the President of India, consider the following statements : 1. The value of the vote of each MLA varies from State to State. 2. The value of the vote of MPs of the Lok Sabha is more than the value of the vote of MPs of the Rajya Sabha. Which of the statements given above is/are correct?

Statement 1 is correct because the value of an MLA’s vote is determined by the state's population divided by the total number of elected members in its assembly, which naturally varies across different states. Statement 2 is incorrect because the value of the vote for all elected MPs (both Lok Sabha and Rajya Sabha) is uniform, calculated by dividing the total value of all MLA votes by the total number of elected MPs to ensure parity. The core concept being tested is the specific formula for **Proportional Representation** and the principle of uniformity in the Presidential election under **Article 55**.