Navigation In Indian Constellation

Recently, The Indian Space Research Organisation (ISRO) decided to commercialize India’s regional navigation satellite system - Navigation in Indian Constellation (NavIC).Consider the following statements about the NavIC:

  1. NavIC consists of total 9 satellites in a combination of geosynchronous and geostationary orbit.
  2. Four of the 9 satellites are located in suitable orbital slots in geostationary orbit; the remaining five are in geosynchronous orbits with the required inclination and equatorial crossings in two different plan.

Which of the statements given above is/are correct? Choose the correct answer from the codes given below:

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2