Which of the following options holds? Statement 1: Rational numbers are closed under division. Statement 2: The value of \[\left( \frac{-7}{18}\times \frac{15}{-7} \right)-\left( 1\times \frac{1}{4} \right)+\left( \frac{1}{2}\times \frac{1}{4} \right)\] is \[\frac{17}{24}\].

• A.  Both Statement -1 and Statement - 2 are true.
• B.         Statement-1 is true and Statement - 2 is false.
• C.         Statement -1 is false but Statement - 2 is true.
• D.         Both Statement - 1 and Statement - 2 are false.