Consider the following statements

1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.

2. In the case of cereals and pulses, the MSP is fixed in any State / UT at a level to which the market price will never rise.

Which of the statement given above is/are correct?

I.A.S. (Pre) 2020