Select the correct answer of the statements being correct or incorrect. Statement I Planning helps in optimum utilisation of resources. Statement II Planning limits the use of resources beforehand.

Both statements are correct and Statement II gives correct explanation of Statement I
Statement II is correct, but Statement I is incorrect
Both statements are correct, but Statement II does not support Statement I
Both statements are incorrect

The correct answer is: Both statements are correct, but Statement II does not support Statement I.

Statement I is correct because planning helps in optimum utilisation of resources. By planning, we can identify the resources that are available to us and how we can use them most effectively. This can help us to avoid wasting resources and to make the most of what we have.

Statement II is also correct because planning does limit the use of resources beforehand. When we plan, we make decisions about how we will use our resources. This means that we are not able to use them in any way that we want. However, this is not necessarily a bad thing. In fact, it can be a good thing because it can help us to avoid wasting resources.

However, Statement II does not support Statement I. Statement I says that planning helps in optimum utilisation of resources, while Statement II says that planning limits the use of resources beforehand. These two statements are not contradictory, but they are not directly related either.

In other words, planning can help us to use our resources more effectively, but it does not necessarily mean that we will use them in the most optimal way. There are many factors that can affect how we use our resources, and planning is just one of them.