Solution:Both Statement I and Statement II are correct. Literacy has profound impacts on both individual development and societal progress. Statement I, while abstract, can be interpreted to mean that literacy fundamentally alters human capabilities and potential, leading to significant shifts in how future generations interact with the world.
Statement II is correct in a more straightforward sense, as increased literacy rates are directly linked to social advancements, economic development, and improved quality of life.
Literate societies tend to have better health outcomes, more stable economies, and stronger democratic institutions, demonstrating literacy's transformative power.