Statement 1: It is incorrect. Ladakh/Tibetian plateau is the highest with an elevation of 14,800 ft, spread in area of 25,50,000 square kilometres, thus becoming the highest and largest plateau in the world and is known as Roof of the world. Whereas, Deccan Plateau is a large plateau in India spanning over 4,22,000 square kilometres and stands as tall as 330 ft.
Statement 2: It is correct. Chhota Nagpur Plateau is a part of greater Deccan Plateau. It possesses rich reserves of minerals, fossil fuels and forests. Damodar valley is rich in coal and is the primary producer of coking coal. Massive coal deposits are found in central basin constituting Jharia, Raniganj, Bokaro, Ramgarh and Karanpura.