Explanation:

- Statement 1: The statement claims there are 60 rectangles in the figure. Rectangles include squares. Each rectangle is counted by combining different sets of lines. Calculating might need manual counting.

- Statement 2: This statement says there are 21 squares. Squares are rectangles with equal sides. Again, manual counting ensures accuracy.

- Statement 3: This states rectangles equal squares. Logically, rectangles also include squares, making them always equal or more.

- Option 1 (1 and 2): If none or only one of these statements is incorrect.

- Option 2 (2 and 3 only): Indicates both statement 2 and 3 are incorrect.

- Option 3 (3 only): Implies only statement 3 is incorrect.

- Option 4 (1 and 3 only): Implies both statement 1 and 3 are incorrect.

The most accurate option is Option 2 since statement 3 is logically incorrect, and manual counting can confirm statement 2 might be wrong.

Option 2: 2 and 3 only