The correct option is C Assertion is correct but Reason is incorrect
We have,
P(A∪B)=P(A∩B)
⇒P(A)+P(B)−P(A∩B)=P(A∩B) ...(i)
⇒{P(A)−P(A∩B)}+{P(B)−P(A∩B)}=0
⇒P(A∩¯¯¯¯B)+P(¯¯¯¯A∩B)=0
⇒P(A∩¯¯¯¯B)=P(¯¯¯¯A∩B)=0
So, statement 1 is true.
From (i), we have
P(A)+P(B)=2P(A∩B)
So, P(A)+P(B)=1 may not be true.