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The correct answer is option 1, which states that only statement 1 is correct. Let`s analyze each statement to understand why.
Statement 1: In India, only two Union Territories have Legislative Assemblies.
This statement is true. In India, only two Union Territories, namely Delhi and Puducherry, have their own Legislative Assemblies. The other Union Territories are either governed by an Administrator or a Lieutenant Governor appointed by the President of India.
Statement 2: Mizoram, Nagaland, and Meghalaya, the three North-Eastern States of India, have only one seat each in the Lok Sabha.
This statement is not related to the given question about Union Territories and Legislative Assemblies. It talks about the number of seats these North-Eastern states have in the Lok Sabha, which is the lower house of the Indian Parliament. Therefore, this statement is not relevant to the question.
In conclusion, only statement 1 is correct, as it accurately states that only two Union Territories in India have Legislative Assemblies.