Both the statements are correct.

With state policies shifting towards liberalisation and privatisation in the last three decades and the entry of new private sector banks, the dominance of the public sector banks (PSBs) has been on a decline. The share of PSBs in the total assets of the scheduled commercial banks, which was over 80 per cent in 1997-98 declined to around 70 per cent by 2007-08 and further to below 66 per cent in 2017-18.

In 2019, when the Indian economy is the fifth-largest in the world, our highest ranked bank—State Bank of India— is ranked a lowly 55th in the world and is the only bank to be ranked in the Global top 100. India has only one bank in the global top 100 and gets grouped on this characteristic with countries that are a fraction of its size: Finland (about 1/11th), Denmark (1/8th), Norway (1/7th), Austria (about 1/7th), and Belgium (about 1/6th). Countries like Sweden and Singapore, which are respectively about 1/6th and 1/8th the economic size of India, have thrice the number of global banks as India does.

Source) Economic Survey 2019-20; page number 150 

https://www.indiabudget.gov.in/economicsurvey/doc/vol1chapter/echap07_vol1.pdf

https://www.thehindubusinessline.com/opinion/the-gains-from-bank-nationalisation/article29094533.ece

The term 'JAM Trinity' is an abbreviation for Jan Dhan Yojana, Aadhaar and Mobile number. The government is using these three modes of identification to deliver direct benefits to India's poor. Before this, the government has operated a multitude of subsidy schemes to ensure a minimum standard of living for the poor. These take convoluted routes to deliver affordable products or services to them. Thus, the MGNREGA, operated through the panchayats, which pays minimum wages to rural workers. The Centre and States supply rice, wheat, pulses, cooking oil, sugar and kerosene at heavily subsidised prices through the PDS. Then, sectors such as power, fertilisers and oil sell their products to people below-market prices.

Such subsidies cost the exchequer quite a bit. Yet, as they make their winding way through the hands of intermediaries, leakages, corruption and inefficiencies eat away large parts. 

Source) Economic Survey 2019-20; Page number 155

https://www.thehindubusinessline.com/opinion/columns/all-you-wanted-to-know-about-jam-trinity/article22511736.ece

https://www.indiabudget.gov.in/economicsurvey/doc/vol1chapter/echap07_vol1.pdf

Statement 1 is correct.  Invest India was set up in 2009. It is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.

In addition to a core team that focuses on sustainable investments, Invest India also partners with substantial investment promotion agencies and multilateral organizations.

Invest India focuses on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India.  It also actively works with several Indian states to build capacity as well as bring in global best practices in investment targeting, promotion and facilitation areas. Hence, statement 2 is correct. 

Source)

https://www.investindia.gov.in/about-us

The Priority Sector includes the following categories:

1. Agriculture
2. Micro, Small and Medium Enterprises
3. Export Credit
4. Education
5. Housing
6. Social Infrastructure
7. Renewable Energy
8. Others

The objective of the priority sector lending programme is to ensure adequate institutional credit flows into some of the vulnerable sectors of the economy, which may not be attractive for the banks from the point of view of profitability.

Source)

https://m.rbi.org.in/Scripts/FAQView.aspx?Id=87

 Statements 1 and 2 are correct. The objectives of setting up of payments banks will be to further financial inclusion by providing 

1. small savings accounts and 
2. payments/remittance services to migrant labour workforce, low income households, small businesses, other unorganised sector entities and other users.

Statement 3 is incorrect. The payments bank cannot undertake lending activities. Thus, they cannot issue credit cards.

Source)

https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=32615

The National Initiative for School Heads' and Teachers' Holistic Advancement (NISHTHA) was launched in Union Territory of Jammu and Kashmir. It is a pioneering scheme that was earlier launched across the country by HRD Ministry in August 2019. This National Mission aims at improving learning outcomes at Elementary level through integrated Teacher Trainings.

The Mission aims to build capacities of 42 lakh participants covering all teachers and Heads of Schools at the elementary level in all Government Schools across India as well as faculty members of State Institute of Education (SIE)/ State Council of Educational Research and Training (SCERTs), District Institute of Education and Training (DIET) etc.s

Source)

https://www.thehindu.com/news/national/government-launches-programme-to-train-teachers/article29214009.ece

Social infrastructure can be broadly defined as the construction and maintenance of facilities that support social services. Types of social infrastructure include healthcare (hospitals), education (schools and universities), public facilities (community housing and prisons) and transportation (railways and roads). 

Source)

https://pib.gov.in/PressReleseDetail.aspx?PRID=1598055