Consider the following statements: 1. The minimum age prescribed for any person to be a member of Panchayat is 25 years. 2. A Panchayat reconstituted after premature dissolution continues only for the remainder period. Which of the statements given above is/are correct?

1. Statement 1 is incorrect. According to Article 243F(1)(a) of the Constitution, the minimum age required to be a member of a Panchayat is 21 years, not 25 years. 2. Statement 2 is correct. According to Article 243E(4), a Panchayat reconstituted after premature dissolution (before the expiry of its full term) continues only for the remainder period for which the dissolved Panchayat would have continued had it not been dissolved.