The correct option is D Statement-1 is False; Statement-2 is True.
Average velocity=DisplacementTime, and average speed=distancetime We know that, |Displacement|≤Distance. ⇒Average velocity≤Average speed. Magnitudes of instantaneous speed and instantaneous velocity are equal because for infinitesimally small interval of time, the motion of the particle can be approximated to be uniform. Thus, the displacement and distance covered in that particular instant becomes equal.