Bunuel
A regular polygon is inscribed in a circle. How many sides does the polygon have?
(1) The length of the diagonal of the polygon is equal to the length of the diameter of the circle.
(2) The ratio of area of the polygon to the area of the circle is less than 2:3.
VERITAS PREP OFFICIAL SOLUTION:In this question, we know that the polygon is a regular polygon i.e. all sides are equal in length. As the number of sides keeps increasing, the area of the circle enclosed in the regular polygon keeps increasing till the number of sides is infinite (i.e. we get a circle) and it overlaps with the original circle. The diagram given below will make this clearer.

Let’s look at each statement:
Statement I: The length of one of the diagonals of the polygon is equal to the length of the diameter of the circle.
Do we get the number of sides of the polygon using this statement? No. The diagram below tells you why.

Regular polygons with even number of sides will be symmetrical around their middle diagonal and hence the diagonal will be the diameter. Hence the polygon could have 4/6/8/10 etc sides. Hence this statement alone is not sufficient.
Statement II: The ratio of area of the polygon to the area of the circle is less than 2:3.
Let’s find the fraction of area enclosed by a square.
In the previous post we saw that
Side of the square = \(\sqrt{2}\) * Radius of the circle
Area of the square = \(Side^2 = 2*Radius^2\)
Area of the circle = \(\pi*Radius^2 = 3.14*Radius^2\)
Ratio of area of the square to area of the circle is 2/3.14 i.e. slightly less than 2/3.
So a square encloses less than 2/3 of the area of the circle. This means a triangle will enclose even less area. Hence, we see that already the number of sides of the regular polygon could be 3 or 4. Hence this statement alone is not sufficient.
Using both statements together, we see that the polygon has 4/6/8 etc sides but the area enclosed should be less than 2/3 of the area of the circle. Hence the regular polygon must have 4 sides. Since the area of a square is a little less than 2/3rd the area of the circle, we can say with fair amount of certainty that the area of a regular hexagon will be more than 2/3rd the area of the circle. But just to be sure, you can do this:
Side of the regular hexagon = Radius of the circle
Area of a regular hexagon = 6*Area of each of the 6 equilateral triangles = \(6*(\frac{\sqrt{3}}{4})*Radius^2 = 2.6*Radius^2\)
2.6/3.14 is certainly more than 2/3 so the regular polygon cannot be a hexagon. The regular polygon must have 4 sides only.
Answer (C).