Statement 1 is correct while statement 2 is incorrect.
TRAFFIC – The Wildlife Trade Monitoring Network: Founded in 1976 as a strategic alliance of the World Wide Fund for Nature (WWF) and the International Union for the Conservation of Nature (IUCN)
Headquarters — Cambridge, UK Type — International non-governmental organization Wildlife Trade Monitoring Network
Aim — ‘ensure that trade in wild plants and animals is not a threat to the conservation of nature.
It is governed by the board of trustees of TRAFFIC International TRAFFIC’s 2020 goal — help reduce the pressure of illegal and unsustainable wildlife trade on biodiversity, and enhance the benefits to wildlife conservation and human wellbeing that derive from trade at sustainable levels.

Statement 1 is incorrect while statement 2 is correct.
Effects of Financial Emergency:
The consequences of the proclamation of a Financial Emergency are as follows:
-The executive authority of the Centre extends (a) to directing any state to observe such canons of financial propriety as are specified by it; and (b) to directions as the President may deem necessary and adequate for the purpose.
-Any such direction may include a provision requiring (a) the reduction of salaries and allowances of all or any class of persons serving in the state; and (b)the reservation of all money bills or other financial bills for the consideration of the President after they are passed by the legislature of the state.
-The President may issue directions for the reduction of salaries and allowances of (a) all or any class of persons serving the Union; and (b)the judges of the Supreme Court and the high court.

Statement 1 is incorrect while statement 2 is correct.
Bhoomi Rashi, the portal developed by MoRTH and NIC, comprises the entire revenue data of the country, right down to 6.4 lakh villages.
The entire process flows, from submission of draft notification by the State Government to its approval by the Hon. Minister of State for RT&H and publication in e-Gazette, is online.
The portal, created for expediting the process of publication of notifications for LA, is now being fully utilised for issuing the notifications. Bhoomi Rashi portal has been instrumental in reducing the time taken for approval and publication of notifications pertaining to land acquisition.
The portal intends to expedite the process of land acquisition for National Highways.

The Credit Suisse Group, a Switzerland-based multinational investment bank, has released the 10th edition of its annual Global Wealth Report.
How is wealth defined and calculated?
Wealth is defined in terms of “net worth” of an individual. This, in turn, is calculated by adding up the value of financial assets (such as money) and real assets (such as houses) and then subtracting any debts an individual may have.

Statement 1 is correct while statement 2 is incorrect.
-State Election Commission
The Constitution of India vests in the State Election Commission, consisting of a State Election Commissioner, the superintendence, direction and control of the preparation of electoral rolls for, and the conduct of all elections to the Panchayats and the Municipalities (Articles 243K, 243ZA).
The State Election Commissioner is appointed by the Governor. As per article 243(C3) the Governor, when so requested by the State Election Commission, make available to the State Election Commission such staff as may be necessary for the discharge of the functions conferred on the SEC by clause (1).
Under the Constitution, establishment of local self-government institutions is the responsibility of the states (entry 5, List II, Seventh Schedule). The Constitution was amended in 1992 to define the term (five years) for these institutions. Simultaneously, another provision was made for setting up a constitutional authority, the SEC, on the lines of the EC to conduct regular panchayat elections.