Explanation:

The Jajmani system was a traditional economic system in rural India, particularly prevalent in the pre-modern agrarian society. It was not specifically an arrangement for the supply of goods and services; instead, it was a social and economic system based on reciprocal relationships between different castes or communities.

Payments in the Jajmani system were typically made in kind, such as agricultural produce, rather than in precious metals. Precious metals were not a common form of payment in the traditional Jajmani system.

Therefore, both statements 1 and 2 are incorrect