Explanation:
The correct answer is option 'C' - Both 1 and 2. Let's understand each statement in detail:

Statement 1: The Fundamental Rights in our Constitution are more elaborated than those found in the Constitution of any other country in the world.

- The Fundamental Rights are a set of basic rights and freedoms that are guaranteed to all citizens of India. They are enshrined in Part III of the Indian Constitution.
- The Indian Constitution provides for a comprehensive list of Fundamental Rights, which include the right to equality, right to freedom, right against exploitation, right to freedom of religion, cultural and educational rights, and right to constitutional remedies.
- The Indian Constitution is known for its elaborate and extensive provisions on Fundamental Rights. It provides for a detailed enumeration of the rights and also includes various safeguards and restrictions to ensure the effective implementation of these rights.
- The Indian Constitution also provides for the possibility of amending the Fundamental Rights through a constitutional amendment. This ensures that the Fundamental Rights can be adapted and updated to meet the changing needs of society.
- The Fundamental Rights in the Indian Constitution have been inspired by various sources, including the Universal Declaration of Human Rights, the Constitution of various countries, and the socio-political context of India.

Statement 2: The Fundamental Rights are the most essential for the all-round development of the individuals.

- The Fundamental Rights play a crucial role in protecting the individual's freedom, dignity, and equality. They provide a framework for the all-round development of individuals and ensure that they have the necessary opportunities and protections to live a meaningful and fulfilling life.
- The Fundamental Rights guarantee various freedoms and protections, such as the right to equality before the law, the right to freedom of speech and expression, the right to protection against discrimination, the right to practice one's religion, and so on.
- These rights enable individuals to participate fully in social, economic, and political activities. They provide individuals with the necessary tools to seek redressal in case of any violation of their rights and ensure that they are not subjected to any form of exploitation or discrimination.
- The Fundamental Rights also act as a check on the power of the government and other authorities. They provide individuals with legal remedies and mechanisms to challenge any arbitrary actions by the state or its agents.
- The Fundamental Rights are not absolute and can be restricted in certain circumstances. However, any restriction on these rights must be reasonable, justifiable, and in accordance with the principles of natural justice.

In conclusion, both statements are correct. The Fundamental Rights in the Indian Constitution are indeed more elaborated than those found in the Constitution of any other country in the world. These rights are essential for the all-round development of individuals and play a crucial role in protecting their freedom, dignity, and equality.