Concept:Relate side length of a square to its diagonal, and side length of an equilateral triangle to its area.Explanation:Let the side of the square be x cm.Diagonal of square = 2​⋅x=122​ cm.⇒x=12 cm.Perimeter of square = 4x=48 cm.Area of square = x2=144 sq cm.Let the side of the equilateral triangle be a cm.Area of equilateral triangle = 43​​a2=643​ sq cm.⇒a2=256⇒a=16 cm.Perimeter of triangle = 3a=48 cm.Statement 1: Both perimeters equal 48 cm. So statement 1 is correct.Statement 2: Four times area of square = 4×144=576.33​ times area of triangle = 33​×643​=3×64×3=576.Thus 4×Areasquare​=33​×Areatriangle​. So statement 2 is also correct.Answer:Both statements 1 and 2 are correct. Hence, option C.