Consider the following statements:
1. On the planet Earth, the fresh water available for use amounts to about less than 1% of the total water found.
2. Of the total fresh water found on the planet Earth, 95% is bound up in polar ice caps and glaciers.
Which of the statements given above is/are correct?

Solution(By Examveda Team)

Statement 1: This statement is incorrect. The total fresh water available for use on Earth is estimated to be around 2.5% of the total water, not less than 1%. This water is found in various sources such as rivers, lakes, and groundwater.

Statement 2: This statement is correct. Around 95% of the total fresh water on Earth is stored in polar ice caps and glaciers. This frozen water is not readily available for immediate use and is mostly locked in these ice formations.

Therefore, the correct answer is Option B, which means only Statement 2 is correct.