X is a number not equal to 0. To make 1/x > 1, X must be a number less than 1 but greater than 0. So the question is: is 0 < x < 1?
1. y/x > y
on the surface this may look sufficient, but we have to take negatives into consideration. If Y is a negative number, then X can be any other negative number and Y/X will be positive, thus being larger than Y.
Example:
y=-5
-5/-1 > -5
5 > -5
it works, but plug in -1 for x in the original equation. 1/(-1) > 1 doesn't work
INSUFFICIENT
2. x^3 > x^2
We're trying to find out if X is a fraction between 0 and 1. Any number between 0 and 1 will only get smaller as the raise it to higher powers. The fact that X^3 > X^2 tells us that X is a positive number greater than 1. Plug in a fraction and see for yourself
(1/2)^3 > (1/2)^2
1/8 > 1/4 which isn't true
SUFFICIENT
Statement 2 tells us that 1/x is NOT > 1
Answer B