Final answer:
The correct answer is c. Both statements 1 and 2 are correct, as the Lok Sabha exclusively votes on demands for grants, and the expenditure charged upon the Consolidated Fund of India is not subject to vote in Parliament.
Step-by-step explanation:
The question relates to the procedures of voting on demands for a grant in the Parliament of India. The correct answer to this question is c. Both statements 1 and 2 are correct. Statement 1 asserts that the voting on demands for a grant is an exclusive privilege of the Lok Sabha. This is true because the power to approve financial expenditures by the government is vested in the Lok Sabha, the lower house of India's Parliament.
Statement 2 indicates that expenditure charged upon the Consolidated Fund of India is not subjected to vote and cannot be discussed during the demand for grants, which is in accordance with Article 112 of the Indian Constitution. Such expenditures are known as 'Charged Expenditures' and are not votable by the Parliament. Therefore, both statements in the context of the Indian parliamentary system are correct.