Q. With reference to the federal structure of India as outlined in the Constitution, consider the following statements:

1. The power to create a new state or alter the boundaries of existing states lies exclusively with the Parliament, even without the consent or seeking views of the concerned state legislature.

2. In case of conflict between a Central and State law on a subject enumerated in the Concurrent List, the State law prevails only if it has received the President's assent and does not contradict any existing Central law.

Which of the statements given above is/are correct?