Statement 1 is incorrect while statement 2 is correct.
Development banks are financial institutions that provide long-term credit for capital-intensive investments spread over a long period and yielding low rates of return, such as urban infrastructure, mining and heavy industry, and irrigation systems. Development banks are also known as term-lending institutions or development finance institutions.
Features of development banks:
1. Such banks often lend at low and stable rates of interest to promote long-term investments with considerable social benefits.
2. Fund generation: To lend for long term, development banks require correspondingly long-term sources of finance, usually obtained by issuing long-dated securities in capital market, subscribed by long-term savings institutions such as pension and life insurance funds and post office deposits.
3. Support by the government: Considering the social benefits of such investments, and uncertainties associated with them, development banks are often supported by governments or international institutions.

Togalu Gombeyatta – shadow theatre of Karnataka. A unique feature of the Togalu Gombayetta puppets is the variation of puppet size based on social status, i.e. kings and religious figures are characterised by large puppets while common people and servants are shown by smaller puppets.
Ravanchhaya – shadow puppetry of Odisha region. The puppets are made of deer skin and depict bold, dramatic postures. They do not have any joints attached to them, making it a more complex art.
Yampuri – It is the traditional rod puppet of Bihar. The puppets are generally made of wood and are without any joints.
Kathputli – traditional string puppets of the Rajasthan. A unique feature of the puppets is the absence of legs. The strings are attached to the finger of the puppeteer.

All of the above are correct.
The Arthasastra contains 15 books and 180 chapters but it can be divided into three parts: the first deals with the king and his council and the departments of government; the second with civil and criminal law; and the third with diplomacy and war. It is the most important literary source for the history of the Mauryas.

Statement 1 is correct while statement 2 is incorrect.
Inner Line Permit (ILP) is a document required by non- natives to visit or stay in a state that is protected under the ILP system.
At present, four North-eastern states are covered under ILP, namely, Arunachal Pradesh, Mizoram, Manipur and Nagaland. The ILP is issued by the concerned state government and can be availed both by applying online or in person.

Statement 1 is correct while statement 2 is incorrect.
Purchasing Managers’ Index is an economic indicator that is calculated from monthly surveys of purchasing managers and supply executives from specific companies. PMI Manufacturing gives an indication of the economic health of the manufacturing sector.
The 12th Finance Commission raised the share of States in shareable Central taxes from 29.5 per cent to 30.5 per cent. 13th Finance Commission: The states’ share in central taxes has been increased from 30.5 per cent (including the share of additional excise duties) to 32 per cent. The 14th Finance Commission considerably increased the devolution of taxes from the centre to states from 32% to 42%. 15th Finance Commission has recommended 41% share for states from Centre’s divisible pool.