UPSC CSE Prelims 2017 Q53 — Ancient History PYQ with Answer

With reference to the religious history of India, consider the following statements:

1. Sautrantika and Sammitiya were the sects of Jainism.

2. Sarvastivadin held that the constituents of phenomena were not wholly momentary, but existed forever in a latent form.

Which of the statements given above is/are correct?