With reference to the proposals of Cripps Mission, consider the following statements :

1. The Constituent Assembly would have members nominated by the Provincial Assemblies as well as the Princely States.

2. Any Province, which is not prepared to accept the new Constitution would have the right to sign a separate agreement with Britain regarding its future status.

Which of the statements given above is/are correct?

The correct option is 2 only.

Let us analyze the statements with reference to the proposals of the Cripps Mission (1942) to understand why only the second statement is correct:

Analysis of Statement 1:
The Cripps Mission proposed the creation of a Constituent Assembly to frame a new Constitution for India after the conclusion of World War II. According to the proposals, the members of this Constituent Assembly were to be:
1. Elected by the members of the lower houses of the Provincial Assemblies (through proportional representation).
2. Nominated by the rulers of the Princely States.
Since the members from the Provincial Assemblies were to be elected rather than nominated, Statement 1 is incorrect.

Analysis of Statement 2:
To appease the Muslim League and address the demands for Pakistan, the Cripps Mission introduced a non-accession clause. It stated that any province of British India that was not prepared to accept the new Constitution would have the right to refuse to join the Indian Union. Such provinces would have the option to form a separate Union and sign a separate agreement with Britain regarding their future status. Therefore, Statement 2 is correct.

Thus, only Statement 2 is correct, making 2 only the correct answer.