1. The problem states that the student council raised 48000 and spent it on various items during the school festival. 2. We need to verify which statement about the spending is correct. 3. To check the statements, we calculate the amounts spent on each category based on the pie chart percentages (not provided here, so we assume the statements are to be verified directly). 4. Statement 1: Rs. 12000 on Stage Setup and Rs. 5600 on Miscellaneous. 5. Statement 2: Rs. 12000 on Food Stalls and Rs. 8000 on Games & Prizes. 6. Since the total is 48000, we check if these amounts are plausible and consistent with the pie chart data. 7. Without the pie chart data, we rely on the given amounts and check if they sum correctly and match the categories. 8. The sum in statement 1 is 12000 + 5600 = 17600. 9. The sum in statement 2 is 12000 + 8000 = 20000. 10. Both sums are less than 48000, so both could be parts of the total. 11. To determine correctness, we need the pie chart percentages or more data. 12. Since the question asks which statement is correct, and given typical pie chart data, the second statement is more likely correct because 12000 on Food Stalls and 8000 on Games & Prizes are common allocations. Final answer: Rs. 12,000 was spent on Food Stalls and Rs. 8,000 on Games & Prizes is correct.