Which of the following statements is/are correct?

1. The Constituent Assembly held its final session on 24^th January 1950 after which it ended functioning.
2. The Constituent Assembly adopted the national flag on 24^th January 1950.

Statement 1 is wrong: The Constituent Assembly held its final session on 24^th January 1950. It, however, did not end, and continued as the provisional parliament of India from January 26, 1950 to the formation of new parliament after the first general elections in 1951-52. Statement 2 is wrong: The Constituent Assembly adopted the national flag on 22^nd July 1947.