Two statements are given. Choose the correct option based on the statements
Statements:
1. A member of the Lok Sabha should be mentally sound
2. A member of the Lok Sabha should not be a bankrupt
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A Lok Sabha member must be mentally sound and not bankrupt — these are basic eligibility conditions.
Statement 1: True — A person declared of unsound mind by a competent court is disqualified from becoming a member of the Lok Sabha (Article 102). Statement 2: True — A person who is an undischarged insolvent (i.e., bankrupt) is also disqualified from being a Lok Sabha member. These disqualifications are aimed at ensuring only fit and responsible individuals are elected to Parliament.