Consider the following statements:

1. Part IX of the Constitution of India contains provisions for Panchyats and was inserted by the Constitution (Amendment) Act, 1992.
2. Part IX A of the Constitution of India contains provisions for Municipalities and the Article 243 Q envisages two types of Municipalities - a Municipal Council and a Municipal Corporation for every State.

Which of the statements given above is/are correct?

Part IX and Eleventh Schedule were added by 73^rd Constitutional Amendment Act, 1992 which contain provisions for Panchayats, Part IX A. Twelfth Schedule was added by 74^th Constitutional Amendment Act, 1992 which contains provisions for Municipalities, but Article 243 Q envisages three types of municipalities: Nagar Panchayats for a transitional area, Municipal Council for smaller urban areas and Municipal Corporation for larger urban areas.