Can JMeter JDBC pre-processor accept multiple Insert/delete/update queries?
I have added two queries:

JMeter can do whatever underlying JDBC driver can do, for example for MySQL you can specify allowMultiQueries JDBC URL parameter and you will be able to separate statements by semicolon.
Looking into oracle pool variable name my expectation is that you're trying to test an Oracle database and its JDBC driver doesn't support this feature.
The options are in: