The correct option is "1 and 2 only." The Parliament (Prevention of Disqualification) Act, 1959 does indeed outline several exemptions to disqualification for Members of Parliament and state legislatures regarding the ‘Office of Profit’ issue, reflecting the need to enable elected representatives to hold certain posts without losing their parliamentary positions. However, while the act has been amended multiple times to address various aspects of public service and roles, the term ‘Office of Profit’ itself is not precisely defined in the Constitution, leading to judicial interpretations and legislative clarifications. This distinction is significant for aspiring civil servants, as it illustrates the evolving nature of parliamentary laws and the importance of understanding statutory provisions in the context of constitutional principles.