(b) Only two statements are correct (1st and 2nd)
Sacred groves are patches of forest traditionally preserved by local communities due to their religious or cultural significance. Sacred groves are important for preserving biodiversity and cultural heritage.
The Supreme Court of India has recommended declaring sacred groves as community reserves under the Wildlife Protection Act, 1972. The court has suggested this as a measure to ensure their protection.
In India, sacred groves are primarily categorized based on the region and the deity they are associated with, with prominent examples including the “Oran” in Rajasthan, “Kovil Kadu” or “Sarpa Kavu” in Tamil Nadu, “Umanglai” in Manipur, and the groves found in the Western Ghats of Karnataka, particularly in Meghalaya where the Khasi and Jaintia tribes actively protect them. (3rd statement is incorrect)

(b) Only two statements are correct (1st and 2nd)
Wealth Tax was levied on the net wealth of individuals, Hindu Undivided Families (HUFs), and companies. Wealth Tax was imposed on the net market value of assets owned by these entities.
Wealth Tax was abolished in the Budget of 2015 due to high administrative costs and low revenue generation.
The Wealth Tax Act required payment of 1% tax on net wealth exceeding ₹30 lakh, but it was not specified as per annum. (3rd statement is incorrect)

(c) All three statements are correct
The SGB Scheme was launched in November 2015 to reduce the demand for physical gold and shift savings into financial instruments.
The bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government of India and are available for purchase by resident individuals and Hindu Undivided Families (HUFs).
The SGB Scheme offers a fixed interest rate of 2.5% per annum, payable semi-annually.

(a) Singchung Bugun Village Community Reserve, Arunachal Pradesh.
The Bugun liocichla (Liocichla bugunorum) is a small, brightly colored songbird that is native to Arunachal Pradesh, India. It was first seen in 1995 and described as a new species in 2006. It has been named after the Bugun tribe for their conservation efforts.
It was one of the first bird species to be discovered in India since the country’s independence in 1947, and it lives only on the Buguns’ community lands.
It is a critically endangered species, with only 14 to 20 individuals believed to exist in the world

(c) All three statements are incorrect
The CPI-based inflation data is compiled by the Ministry of Statistics and Programme Implementation (or MoSPI) and the WPI-based inflation data is put together by the Department for Promotion of Industry and Internal Trade (or DPIIT). (Statement 1 is Incorrect)
The Wholesale price index (WPI) takes into account the change in prices of manufacturing goods. The Consumer price index (CPI) takes into account the change in prices of services. (Statements 2 and 3 are incorrect)