2. False
Even if the drive belt breaks, you will still have control of your steering and brakes.
More info:
If a drive belt breaks, you will lose control of your steering and brakes. That's not true. Still you will have manual control.
So, DO NOT PANIC!
You will not have power assist (depends on your vehicle). You will have manual control over steering and brakes.
They will be very hard to operate but will work eventually.