Option b is the correct answer Statement 1 is incorrect. Sautrantika and Sammitiya are sects of Buddhism. Statement 2 is correct. Sarvastivadin sect of Buddhism believes that all things exist, and exist continuously, in the past and the future as well as in the present. Sarvastivada also called Vaibhashika, a school of early Buddhism. A fundamental concept in Buddhist metaphysics is the assumption of the existence of dharmas, cosmic factors and events that combine momentarily under the influence of a person's past deeds to form a person's life flux, which he considers his personality and career. Important Tips Sautrantika, ancient school of Buddhism that emerged in India about the 2nd century BC as an offshoot of the Sarvastivada ("All-Is-Real Doctrine"). The school is so called because of its reliance on the sutras, or words of the Buddha, and its rejection of the authority of the Abhidharma, a part of the canon. Sammatiya, ancient Buddhist school or group of schools in India that held a distinctive theory concerning the pudgala, or person. They believed that though an individual does not exist independently from the five skandhas, or components that make up his personality, he is at the same time something greater than the mere sum of his parts.