Seems to me that the second option looks as if it were correct. While paraphrasing and summarizing, you are trying to shorten up an original piece of writing. Giving a well developed descriptions of main ideas isn't something to look for in paraphrasing, so that's why the first option is incorrect. In addition, restating basically everything from a text is not called paraphrasing nor summarizing, and that is why I'd rather classify it as copying.
The element that is of both paraphrasing and summarizing is putting ideas from a text in one's own words
Explanation:
Both techniques have some aspects in common, one of them is the expression of the same information with different words, for instance, paraphrasing has to avoid plagiarism and has to give credit to any quote that is included while summarizing has to collect the main points and restated them with different words as a reduced version of the original.
