Statement 1: Lack of availability of good quality seed is the major drawback in fish farming.
Statement 2: Breeding fish in ponds using hormonal stimulation has ensured the supply of pure fish seed in desired quantities.

Options

A. Both statements 1 and 2 are correct.
B. Statement 1 is correct but statement 2 is incorrect.
C. Statement 1 is incorrect but statement 2 is correct.
D. Both statements 1 and 2 are incorrect.

Answer

### Step-by-Step Solution:

1. **Understanding Statement 1**:
- The first statement claims that the lack of availability of good quality seed is a major drawback in fish farming.
- In fish farming, "fish seed" refers to fertilized fish eggs or young fish. Good quality seeds are essential for successful breeding and farming, as they possess desirable genetic traits that lead to healthy and productive fish.

2. **Evaluating Statement 1**:
- The statement is correct because without access to good quality seeds, fish farmers face challenges in producing healthy fish, which can lead to reduced yields and economic losses.

3. **Understanding Statement 2**:
- The second statement discusses the practice of breeding fish in ponds using hormonal stimulation to ensure the supply of pure fish seed in desired quantities.
- Hormonal stimulation is a technique used to induce artificial reproduction in fish, allowing for controlled breeding and the production of specific genetic lines.

4. **Evaluating Statement 2**:
- This statement is also correct. By using hormonal stimulation, fish farmers can achieve sex reversal and ensure that pure strains of fish are bred, thus maintaining the desired genetic traits and increasing the availability of quality fish seeds.

5. **Conclusion**:
- Both statements are correct. The lack of good quality seeds is indeed a major issue in fish farming, and the use of hormonal stimulation in breeding helps to address this problem by ensuring a consistent supply of pure fish seeds.