Statement: A large cache of live ammunition has been found in the scrap yard of a local steel factory.\nCourses of Action:\nI. Close the steel factory immediately until all ammunition is located and shifted to safe places.\nII. The government should set up an inquiry to unearth details and recommend corrective measures to avoid recurrence.

Introduction / Context:
Live ammunition in a civilian industrial site presents an acute safety hazard to workers and nearby residents. Courses of action should prioritize immediate risk neutralization and systemic prevention.

Given Data / Assumptions:

• Ammunition is live (not inert), discovered within factory scrap.
• Origins and quantity are unknown.

Concept / Approach:
Immediate closure (I) of affected operations controls access and prevents accidental initiation while bomb disposal squads clear and secure the area. An inquiry (II) is essential to trace supply-chain lapses (e.g., procurement of scrap containing munitions), verify compliance with hazardous-material protocols, and prescribe guardrails (inspection regimes, vendor vetting, training, signage, controlled scrap handling).

Step-by-Step Solution:
1) Implement I: evacuate non-essential personnel, secure perimeter, call EOD (explosive ordnance disposal), catalog and remove items.2) Implement II: fact-finding on how ammunition entered the yard, revise SOPs, and enforce corrective actions across similar plants.3) Resume operations only after certified safe clearance.

Verification / Alternative check:
Industrial safety standards require cessation of operations in the presence of uncontrolled explosive hazards; parallel administrative inquiries are standard.

Why Other Options Are Wrong:
Only I restores safety but misses system fixes; Only II leaves immediate hazard unmanaged; Either under-specifies; Neither ignores clear risks.

Common Pitfalls:
Continuing operations during hazard clearance; treating the incident as only procedural.

Final Answer:
Both I and II follow.