The correct answer is option 3, which states that both statements 1 and 2 are correct about a Presidential system. Let`s dissect each statement to understand why this is the correct answer.

Statement 1: The Head of Government is also the Head of State. In a Presidential system, the President serves as both the Head of Government and the Head of State. This means that the President not only leads the executive branch but also represents the country symbolically and ceremonially as the chief representative.

Statement 2: The Executive can veto Legislative acts. In a Presidential system, the President has the power to veto legislation proposed by the legislature. This gives the President the ability to reject or block laws passed by the legislative branch, providing a system of checks and balances.

So, in summary, a Presidential system includes both the Head of Government and the Head of State roles being held by the President, and the President also has the power to veto legislative acts. Therefore, option 3, which states that both statements are correct, is the correct answer.