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 ?

Statement 2 is correct because the Sarvastivada school (literally "all exists") held that the constituents of phenomena (dharmas) exist in all three periods of time—past, present, and future—rather than being purely momentary. Statement 1 is incorrect because Sautrantika and Sammitiya were actually sub-sects of Buddhism, not Jainism, which is the primary point of confusion for many aspirants. The core concept being tested is the classification and specific metaphysical doctrines of early Buddhist schools versus other ancient Indian religions.