Statement 1 is incorrect while statement 2 is correct.

The Financial Stability and Development Council (FSDC) is chaired by the Union Finance Minister and its members are Governor, Reserve Bank of India; Finance Secretary and/or Secretary, Department of Economic Affairs; Secretary, Department of Financial Services; Chief Economic Adviser, Ministry of Finance; Chairman, Securities and Exchange Board of India; Chairman, Insurance Regulatory and Development Authority and Chairman, Pension Fund Regulatory and Development Authority.

The Council deals, inter-alia, with issues relating to financial stability, financial sector development, inter–regulatory coordination, financial literacy, financial inclusion and macro prudential supervision of the economy including the functioning of large financial conglomerates. No funds are separately allocated to the Council for undertaking its activities.

Investment expenditure refers to the expenditure incurred either by an individual or a firm or the government for the creation of new capital assets like machinery, building etc. The relationship between interest rate and investment Expenditure is illustrated by the investment curve of the economy. The curve has downward slope, indicating that a drop in interest rate, causes the investment-spending to rise.

All of the above are correct.

When urea is applied to the soil, it is first hydrolysed or broken by water into ammonium ions (NH4+), followed by oxidation to nitrite (NO2-) and, then, nitrate (NO3-) forms. In normal urea, however, the conversion to nitrate happens very rapidly. As a result, up to two-thirds of the nitrogen is lost either through underground percolation (‘leaching’) of nitrates or ‘volatilisation’ (escaping into atmosphere).

Neem oil basically acts as a ‘nitrification inhibitor’ when coated on urea. By slowing down urea hydrolysis and nitrification, it allows a more gradual release of nitrogen, which can be used by the plant.

Neem-coating increases nitrogen use efficiency. Also, since the urea action is prolonged, the plants stay greener for a longer time. Farmers apply urea when they notice the leaves turning yellowish.

The Globally Important Agricultural Heritage Systems (GIAHS) Partnership Initiative was conceptualized in Food and Agricultural Organization of United Nations, FAO in 2002 during World Summit on Sustainable Development in Johannesburg, South Africa.

This UN Partnership Initiative aims to identify, support and safeguard Globally Important Agricultural Heritage Systems and their livelihoods, agricultural and associated biodiversity, landscapes, knowledge systems and cultures around the world. The GIAHS Partnership recognizes the crucial importance of the well-being of family farming communities in an integrated approach while directing activities towards sustainable agriculture and rural development.

Both the statements are incorrect.

The given statements are correct about Earth Hour and not Earth Day.

Earth Day is an annual event celebrated on April 22. Worldwide, various events are held to demonstrate support for environmental protection. First celebrated in 1970, Earth Day events in more than 193 countries are now coordinated globally by the Earth Day Network.

Earth Hour is a worldwide movement organized by the World Wide Fund for Nature (WWF). The event is held annually encouraging individuals, communities, and businesses to turn off non-essential electric lights for one hour, from 8:30 to 9:30 pm on a specific day towards the end of March, as a symbol of commitment to the planet.