The correct statement with respect to the Chilean Earthquake (February 2010) is option 1: Scientists estimated that the Earth`s axis of rotation had moved by 3 inches due to the earthquake. This indicates that the earthquake had an impact on the Earth`s rotation.
Option 2: Santa Maria island off the coast near Concepcion, Chile`s second largest city, may have been raised by 2 meters, is incorrect. There is no information or evidence to support this claim. Therefore, option 2 is incorrect.
In summary, only statement 1 is correct, indicating that the earthquake affected the Earth`s axis of rotation by 3 inches. Alert - correct answer should be option 1 only.