Hi,
Thanks to Anurag,Neelgandham & Ian stewart,
Actually this question, I have taken from one of the free Online CAT exam(one of the reputed GMAT exam preparatory company)
While taking the exam also i spent lot of time for this qn and even after the exam also i am unable to get the answer. They have mentioned the correct answer as B (statement 2 alone is sufficient).
So to get a clear idea from the members, I have posted this qn. Now i am sure that they have given a wrong question.
Thanks to you all onceagain,