Explanation:

Science and Engineering Research Board (SERB)

• SERB was established under the Science and Engineering Research Board Act, 2008.
• It is a statutory body with requisite financial and administrative autonomy for performing its mandated functions.
• It was set up for promoting basic research in science and engineering and to provide financial assistance to scientists, academic institutions, R&D laboratories, industrial concerns and other agencies for such research.
• It is Chaired by Secretary, Department Of Science And Technology (DST). Hence only statement 1st is correct.