The set is A={−2,−1,0,1,2}.
For Statement I, the relation is defined as (a,b)∈R⟺1+ab>0.
The pairs (a,b) that do not belong to R satisfy 1+ab≤0⇒ab≤−1.
The pairs satisfying ab≤−1 are (−2,1),(−2,2),(−1,1),(−1,2),(1,−2),(1,−1),(2,−2),(2,−1).
There are 8 such pairs.
The total number of pairs in A×A is 5×5=25.
The number of elements in R is 25−8=17.
Thus, Statement I is true.
For Statement II, checking transitivity gives (−2,0)∈R since 1+(−2)(0)=1>0.
Also, (0,2)∈R since 1+(0)(2)=1>0.
However, (−2,2)∈/R since 1+(−2)(2)=−3≤0.
Since R is not transitive, it is not an equivalence relation.
Thus, Statement II is false.
Answer: Only I is true