Concept:
For any given square matrix \( A \), we can verify matrix relations using direct matrix multiplication. Additionally, the characteristic equation used to find the eigenvalues \( \lambda \) of a matrix \( A \) is determined by solving the determinant equation:
\[
\det(A - \lambda I) = 0
\]
Alternatively, according to the Cayley-Hamilton theorem, every square matrix satisfies its own characteristic equation. For a \( 2 \times 2 \) matrix, this equation can be simplified as:
\[
\lambda^2 - \text{Tr}(A)\lambda + \det(A) = 0
\]
Step 1: Verifying Statement-I by computing \( A^2 \).
We are given the matrix:
\[
A = \begin{bmatrix} 1 & 4 \\ 2 & -1 \end{bmatrix}
\]
Let us compute the square of matrix \( A \), which is defined as the product \( A \times A \):
\[
A^2 = \begin{bmatrix} 1 & 4 \\ 2 & -1 \end{bmatrix} \begin{bmatrix} 1 & 4 \\ 2 & -1 \end{bmatrix}
\]
Performing matrix multiplication row by column explicitly:
\[
A^2 = \begin{bmatrix} (1)(1) + (4)(2) & (1)(4) + (4)(-1) \\ (2)(1) + (-1)(2) & (2)(4) + (-1)(-1) \end{bmatrix}
\]
Evaluating individual components inside the matrix structure:
\[
A^2 = \begin{bmatrix} 1 + 8 & 4 - 4 \\ 2 - 2 & 8 + 1 \end{bmatrix} = \begin{bmatrix} 9 & 0 \\ 0 & 9 \end{bmatrix}
\]
Factoring out the scalar quantity \( 9 \) from the matrix elements:
\[
A^2 = 9 \begin{bmatrix} 1 & 0 \\ 0 & 1 \end{bmatrix} = 9I
\]
Hence, \( A^2 = 9I \) is completely accurate, which confirms that
Statement-I is true.
Step 2: Verifying Statement-II by evaluating eigenvalues.
To find the eigenvalues of matrix \( A \), we write down its characteristic equation:
\[
\det(A - \lambda I) = 0 \quad \Rightarrow \quad \begin{vmatrix} 1 - \lambda & 4 \\ 2 & -1 - \lambda \end{vmatrix} = 0
\]
Expanding the \( 2 \times 2 \) determinant equation:
\[
(1 - \lambda)(-1 - \lambda) - (4)(2) = 0
\]
Multiplying out the binomial terms carefully:
\[
-1 - \lambda + \lambda + \lambda^2 - 8 = 0
\]
Combining like terms and constants:
\[
\lambda^2 - 9 = 0
\]
Solving for \( \lambda \):
\[
\lambda^2 = 9 \quad \Rightarrow \quad \lambda = \pm \sqrt{9} \quad \Rightarrow \quad \lambda = 3, -3
\]
The calculated eigenvalues of \( A \) are exactly \( 3 \) and \( -3 \). This perfectly matches the text of the second claim. Therefore,
Statement-II is true.
Since both individual statements have been analytically verified as correct, Option (A) is the correct choice.