(i) Hydrogen ion concentration:
Solution X gives a red color with a universal indicator, which indicates it is a highly acidic solution. This is because a low pH corresponds to a higher hydrogen ion concentration (\( \text{H}^+ \)). Solution Y gives a blue color with a universal indicator, indicating it is a highly alkaline solution with a lower concentration of hydrogen ions.
(ii) Nature of the salt formed:
If solutions X (acidic) and Y (alkaline) are mixed in the right proportions, they neutralize each other. The fact that the resultant mixture turns green with a universal indicator signifies that the resultant solution is neutral (pH around 7). This indicates the formation of a neutral salt; a neutral salt is formed when a strong acid reacts with a strong base.