With reference to Panchayati Raj Institutions in India, which of the following statements is/are correct? 1. Tenure of Panchayati Raj Institutions shall be of 5 years. 2. In Panchayati Raj Institutions, out of the seats reserved, one–fourth of the seats shall be reserved for women belonging to Scheduled Caste and Scheduled Tribe. Select the correct answer from the code given below: