The correct option is indeed both statements 1 and 2, as LiFi (Light Fidelity) leverages visible light from LEDs to transmit data, offering a medium that enables high-speed communication. Unlike traditional radio waves used in WiFi, LiFi can achieve data rates that are significantly higher due to the ability to modulate light intensity at rapid frequencies. This innovative technology represents a potential breakthrough in wireless communication, particularly in environments where radio frequency interference is a concern, highlighting its relevance in future technology discussions for UPSC.