Consider the following statements:
1. MMTC Limited is India's largest international trading organisation.
2. Neelachal Ispat Nigam Limited has been set up by MMTC jointly with the Government of Orissa.
Which of the statements given above is/are correct ?
Correct Answer: Option B
Explanation
1. MMTC Limited (Metals and Minerals Trading Corporation) is a major international trading company owned by the Government of India. It deals extensively in the trade of minerals, metals, precious metals, agro products, fertilizers, and coal. It is often cited as India's largest international trading organisation, particularly in the public sector context. Statement 1 is correct.
2. Neelachal Ispat Nigam Limited (NINL) is an iron and steel plant located in Odisha. It was indeed set up as a joint venture, with MMTC being the largest promoter along with the Government of Orissa (now Odisha) and other government agencies. Statement 2 is correct.
3. Both statements are correct.
Master UPSC Revision
Get 10,000+ topic-wise MCQs, spaced repetition, daily CSAT challenges, and detailed performance analytics.
Coming Soon to Play Store