Statement 1: Hydrogen atom just needs 1 extra electron to fill its outer-most orbit.
Statement 2: The first orbit can occupy only 2 electrons.
Statement 1 and 2 are correct and statement 2 is the correct reason for statement 1.
Hydrogen has only one orbit, and it can accommodate a maximum of only 2 electrons. Hydrogen atoms have one electron each, so it just needs 1 extra electron to fill its outer-most orbit.
Thus hydrogen can form only one bond.