With reference to the public Sector Undertaking in India, consider the following statements: 1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country. 2. Project and Equipment Corporation of India Limited is under the Ministry of Industry. 3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre shipment inspection of various exportable commodities Which of these statements is/are correct?

1. Statement 1 is correct. The Minerals and Metals Trading Corporation of India Limited (MMTC) was historically one of India's largest trading bodies, dealing heavily in the import of essential commodities besides minerals and metals (like fertilizers, precious metals). Around 2001-2002, it was often cited as the largest non-oil importer of the country. 2. Statement 2 is incorrect. The Project and Equipment Corporation of India Limited (PEC) was primarily under the administrative control of the Ministry of Commerce, not the Ministry of Industry. 3. Statement 3 is incorrect. The Export Credit Guarantee Corporation of India Limited (ECGC) primarily provides export credit insurance support to exporters and banks. Quality control and pre-shipment inspection were handled by other agencies like the Export Inspection Council (EIC) under the Quality Control and Pre-shipment Inspection Act, 1963. ECGC's objective is related to credit risk mitigation, not physical inspection. 4. Therefore, only statement 1 is correct.