Correct Answer: Only statement 2 is correct.

Solution : The correct answer is (c) Only statement 2 is correct.

Statement 1 is not entirely accurate. While rules can provide guidance for decision-making, they are more accurately described as specific instructions or principles that dictate how certain actions should be performed. Rules are not always synonymous with guidelines, as guidelines are typically more flexible and open to interpretation.

Statement 2 is generally correct. One of the primary purposes of rules is to establish a standard set of expectations and behaviors, promoting uniformity and consistency in actions. Rules help ensure that individuals or entities follow a prescribed set of principles or standards, which can contribute to fairness and order within a system or organization.

Therefore, the correct option is c) Only statement 2 is correct.