The correct option is
E
Statement 1 is
correct but statement 2 is not correct.
Statement 1: Addition of the oxidation numbers of all the elements in the formula of a compound must be 0.
For example, in water molecule, each H atom has oxidation number of +1 and oxygen atom has oxidation number of -2.
Addition of the oxidation numbers of all the elements in
H2O=2(+1)−2=0Statement 2: Generally oxidation number of oxygen is -2 for most of the compounds. There are certain compounds in which the oxidation number of oxygen is not -2.
For example, in hydrogen peroxide
H2O2, the oxidation number of oxygen is -1.
Both the statements 1 and 2 are correct.