$$Dis\tan ce\ from\ \hom e\ to\ meeting\ge100km$$
$$Time\ taken\ is\ \exp ected\ to\ be\ \le2hrs\ to\ avoid\ lateness$$
$$speed\ge60\ \frac{km}{hr}$$
Will Abraham be late for the meeting?

Statement 1
The venue of the meeting is less than 120 km away.
$$100km\le Dis\tan ce\le120km$$
If the distance = 120km at the speed of 60km/hr, he will get to the meeting in 2hrs.
If Distance =100km at the speed of 60km/hr, he will get to the meeting within 1hr 42minutes.
He will not be late, Statement 1 is SUFFICIENT.

Statement 2
He does not drive at a speed greater than 80 km/hr
$$Speed\le80\ \frac{km}{hr}$$
$$Dis\tan ce\ \ge100\ \frac{km}{hr}$$
If distance = 100 km at a time taken to get to the meeting will be 1 hour 15 minutes at 80 km/hr.
Therefore, he will not be late .

If Distance =100 and speed = 20 km/hr Time-taken = 5 hrs
Therefore, he will be late, information given is not enough.
Statement 2 is INSUFFICIENT.

$$Answer\ is\ Option\ A$$