Version History is a feature that automatically saves multiple versions of active guides in the OGL console. Version History allows the OGL developer to preview and restore previous versions of guides, in case of accidental changes, errors, or loss of data. Version History can be accessed from the OGL console, by selecting the guide file and clicking the Version History button. Version History shows the list of versions of the guide, along with the date, time, and user who saved each version. The OGL developer can preview each version by clicking the Preview button, or restore a version by clicking the Restore button. The restored version will overwrite the current version of the guide12.

The other statements are not true about Version History. Version History does not display a report containing screenshots of all guides in My Content with an Inactive status, as this is not the purpose of Version History. Version History only applies to active guides, not inactive guides. Version History doesnot provide an audit trail of the last modified date of a guide along with the user who last modified it, as this is not the purpose of Version History. Version History only shows the date, time, and user who saved each version of the guide, not the last modified date or the changes made12. References:

1: Creating OGL Content Course, Module 1: Organising & Managing OGL Content, Lesson: Managing OGL Content, Topic: Version History

2: Oracle® Cloud Using Oracle Guided Learning, Release 23C, Chapter 3: Organizing and Managing Content, Section: Version History