Statement 1 is Incorrect: Directive Principles of State Policy (DPSPs) are positive instructions and fundamental principles for governance rather than legal limitations or prohibitions on the legislative powers of the State. Statement 2 is Incorrect: DPSPs are non-justiciable under Article 37, meaning they do not act as constitutional limitations on executive functions; instead, they serve as guiding goals for the executive to achieve through policy-making and administration.