Correct Option (B)
Statement 2 is correct. The passage explicitly states that "Poor households without access to a formal savings mechanism encourage immediate spending temptations." This directly supports the assertion that a lack of access to appropriate financial instruments or mechanisms leads poor households to spend their earnings rather than save them.
Incorrect Options:
Statement 1 is incorrect. The passage indicates that access to safe and reliable financial institutions and appropriate financial instruments is "not always available to all people in developing countries like India and more so, in rural areas." This implies that while access may be limited or not universal, it does not mean that Indian financial institutions offer no financial instruments at all to rural households. The phrasing "not always available" suggests a limitation in availability or reach, rather than a complete absence of offerings.