Which of the following statements is/are correct?<br>1. No bill can be introduced in the legislature of a state for imposing reasonable restrictions on the freedom of trade without previous sanction of the President.<br>2. No bill can be introduced in either House of Parliament for altering the name of a state without the name of a state without the recommendation of the President and the concurrence of the state legislature concerned.<br>Select the correct answer:

Correct Answer: 1 only