A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (a) 1 only
Explanation
Statement 1 is correct because the Bill establishes single-window clearances and deemed approval mechanisms for business licenses. Statement 2 is incorrect because deemed approval means a license is automatically considered granted, not canceled, if the regulating authority fails to respond within the deadline.