In the light of given statements, choose the correct alternative from the following:

Class 12th Economic, Question paper 2023 -In the light of given statements, choose the correct alternative from the following:

These are the options for the question :In the light of given statements, choose the correct alternative from the following:

(a) Statement 1 is true and Statement 2 is false.
(b) Statement 1 is false and Statement 2 is true.
(c) Both statements 1 and 2 are true.
(d) Both statements 1 and 2 are false.

The correct answer is -(c) Both statements 1 and 2 are true.