Final answer:
Hebrews 11:1 characterizes faith as both 'the substance of things hoped for' and 'the evidence of things not seen,' which indicates a personal and subjective belief in something beyond physical evidence.
Step-by-step explanation:
According to Hebrews 11:1, faith is described as "the substance of things hoped for, the evidence of things not seen." Therefore, the correct answer to the question is b) The substance of things hoped for and c) The evidence of things not seen. Faith, in a religious context, is often understood as a belief in something without requiring physical evidence, as opposed to beliefs formed by scientific verification or authoritative statements. Thus, faith is a concept that carries a different connotation than facts supported by tangible evidence, and it is important to note that faith can be a very personal and subjective matter.