Ubiquitous Resources: These are resources that are found everywhere on Earth. Examples include air, sunlight, and water. Statement (i) is incorrect because resources found only in certain specific or limited areas are called Localized Resources (such as coal, copper, and iron ore).
Potential Resources: These are resources whose entire quantity may not be known and which are not being fully utilized at present. They can be used in the future as technology improves. Statement (ii) is correct. Examples include uranium deposits in Ladakh and high-speed winds (which were potential resources in the past but are now actual resources in some regions).
Non-Renewable Resources: These are resources that have a limited stock. Once exhausted, they take thousands of years to be renewed or replenished, which is much longer than a human life span. Statement (iii) is incorrect because resources that can regenerate naturally in a short time are called Renewable Resources (such as solar and wind energy).
