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The correct answer is option 3: Both 1 and 2.
Explanation:
Statement 1 is correct. The formal transfer of power and India`s independence was announced by Lord Mountbatten on 15th August 1947. Lord Mountbatten served as the last Viceroy of India and played a crucial role in the transition of power from British rule to an independent India.
Statement 2 is correct. Mahatma Gandhi was not present at the festivities in the capital on 15th August 1947. Despite being one of the key leaders of the Indian independence movement and playing a pivotal role in India`s freedom struggle, Gandhi chose not to attend the celebrations as a mark of respect for the violence and partition that accompanied independence.
Therefore, both statements 1 and 2 are correct, and the correct answer is option 3: Both 1 and 2.