The ‘dharma’ and ‘rita’ depict a central idea of ancient Vedic civilization of India. In this context, consider the following statements.

[IAS (Pre) 2011]

1. ‘Dharma’ was a conception of obligations and the discharge of one’s duties to oneself and to others.

2. ‘Rita’ was the fundamental moral law governing the functioning of the universe and all it contained.

Which of the statements given above is/are correct?