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Which of the following statements is correct.(i) Anything that can be used to satisfy a need is a resource.(ii) The water you drink when you are thirsty, the electricity you use in your house, the rickshaw you use to get home from school, the textbook you use to study are all resources.A Only (i) B Only (ii) C Both (i) & (ii) D Neither (i) & (ii)

Question

Which of the following statements is correct.(i) Anything that can be used to satisfy a need is a resource.(ii) The water you drink when you are thirsty, the electricity you use in your house, the rickshaw you use to get home from school, the textbook you use to study are all resources.A Only (i) B Only (ii) C Both (i) & (ii) D Neither (i) & (ii)

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Solution

To determine which statement is correct, let's analyze each option:

(i) Anything that can be used to satisfy a need is a resource. (ii) The water you drink when you are thirsty, the electricity you use in your house, the rickshaw you use to get home from school, the textbook you use to study are all resources.

Option A states that only statement (i) is correct. According to statement (i), anything that can be used to satisfy a need is a resource. This means that not only the examples given in statement (ii) but also other things that can fulfill a need would be considered resources. Therefore, option A is not correct.

Option B states that only statement (ii) is correct. According to statement (ii), the examples given, such as water, electricity, rickshaw, and textbook, are all resources. This aligns with the definition provided in statement (i) as well. Therefore, option B is not correct.

Option C states that both statement (i) and statement (ii) are correct. Based on the analysis above, this option seems to be the correct answer. Both statements are consistent with each other and provide a comprehensive understanding of resources. Therefore, option C is correct.

Option D states that neither statement (i) nor statement (ii) is correct. However, as explained earlier, both statements are accurate and aligned. Therefore, option D is not correct.

In conclusion, the correct answer is option C: Both (i) and (ii).

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