The Election Commission revised expenditure limits in February 2011. For larger states like Uttar Pradesh (U.P.) at that time:- The limit for Parliamentary (Lok Sabha) candi dates was set at 40 lakhs.- The limit for Assembly (Vidhan Sabha) candidates was set at 16 lakhs. This matches option (1). Current (2024): Limits are much higher (e.g., 95 lakhs for Lok Sabha in UP in 2024).