Statement 1 is correct while statement 2 is incorrect.
Government Securities are debt instruments issued by the government to borrow money.
The two key categories are:
• Treasury bills (T-Bills) – short-term instruments which mature in 91 days, 182 days, or 364 days, and
• Dated securities – long-term instruments, which mature anywhere between 5 years and 40 years
Like bank fixed deposits, G-secs are not tax-free. They are generally considered the safest form of investment because they are backed by the government. So, the risk of default is almost nil.
However, they are not completely risk-free, since they are subject to fluctuations in interest rates. Bank fixed deposits, on the other hand, are guaranteed only to the extent of Rs 5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Statement 1 is correct while statement 2 is incorrect.
The Ministry of Social Justice and Empowerment has launched the SAGE (Seniorcare Aging Growth Engine) initiative and SAGE portal for elderly persons.
SAGE Initiative will be a “one-stop access” of elderly care products and services by credible start-ups.
The start-ups will be selected on the basis of innovative products and services. Their products should be able to provide across sectors such as health, housing, care centers, apart from technological access linked to finances, food and wealth management, and legal guidance.
The start-ups who have applied will be selected by an independent screening committee of experts. A fund of upto Rs.1 crore as one-time equity will be granted to each selected start-up.

Bio magnification refers to the increase of contaminated substances or toxic chemicals that take place in the food chains. These substances often arise from intoxicated or contaminated environments. The contaminants include heavy metals namely mercury, arsenic, pesticides such as DDT, and polychlorinated biphenyls (PCBs) compounds which are then taken up by organisms because of the food they consume or the intoxication of their environment. Pollutant needs to satisfy characteristics like long life, biologically active, soluble in fat etc. to make bio magnification possible.

Statement 1 is correct while statement 2 is incorrect.
The Cartagena Protocol on Biosafety (CPB), the first international regulatory framework for safe transfer, handling and use of Living Modified Organisms (LMOs) was negotiated under the aegis of the Convention on Biological Diversity (CBD). The protocol was adopted on 29th January 2000. The Protocol entered into force on 11 September 2003.
The objective of the Protocol is to contribute to ensuring an adequate level of protection in the field of the safe transfer, handling and use of LMOs resulting from modern biotechnology that may have adverse effects on the conservation and sustainable use of biological diversity, taking also into account risks to human health, and specifically focusing on transboundary movements.