The correct option is
C Data in statement I alone is sufficient.
First, note that this is a Yes/No Data Sufficiency question.
Line L passes through three quadrants:
1.Quadrant I, where x and y are both positive, so xy > 0 and the answer is yes.
2.Quadrant III, where x and y are both negative, so xy > 0 and the answer is yes.
3.Quadrant IV, where x is positive and y is negative, so xy < 0 and the answer is no.
If you can determine what quadrant point P is in, you will have sufficient information to answer the question. Also, if you know that point P is in either Quadrant I or Quadrant III, that would also be sufficient.
(1) SUFFICIENT: If x> 4, then point P is in Quadrant I, so xy > 0 and the answer is "yes."
(2) INSUFFICIENT: If y > -5, then point P could be in either Quadrant I (xy> 0) or Quadrant IV (xy< 0).
The correct answer is (A).