Consider the following statements: 1. MMTC Limited is India`s largest international trading organization. 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?

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Q: 140 (IAS/2009)
Consider the following statements:
1. MMTC Limited is India's largest international trading organization.
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?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,33,32,8,17,33,7

keywords: 

{'neelachal ispat nigam limited': [0, 0, 1, 0], 'mmtc limited': [0, 0, 1, 0], 'mmtc': [0, 0, 1, 1], 'orissa': [0, 0, 1, 0], 'largest international trading organization': [0, 0, 1, 0], 'india': [8, 1, 7, 13]}

The question presents two statements and asks which ones are correct. Statement 1 identifies MMTC Limited as India`s largest international trading organization, while Statement 2 implies that MMTC and the Government of Orissa jointly established Neelachal Ispat Nigam Limited.

The answer options provide different combinations of these statements being correct.

Option 1 suggests that only the first statement is true. Option 2, on the other hand, implies that only the second statement holds factual. Option 3 suggests that both the statements are true, and finally, Option 4 points to the possibility that neither of the statements is correct.

The correct answer is Option 3, which means both Statement 1 and Statement 2 are correct. Therefore, MMTC Limited indeed is India`s largest international trading organization, and it has set up Neelachal Ispat Nigam Limited jointly with the Government of Orissa.

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