Consider the following statements relating to Coal India Limited: 1. It is designated as a `Maha Ratna` company under the Ministry of Coal. 2. It is the single largest coal producing company in the world. 3. The Headquarters of Coal India Limited is locat

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Q: (CDS-I/2019)
Consider the following statements relating to Coal India Limited:
1. It is designated as a 'Maha Ratna' company under the Ministry of Coal.
2. It is the single largest coal producing company in the world.
3. The Headquarters of Coal India Limited is located at Ranchi Jharkhand.
Which of the statements given above is/are correct?

question_subject: 

Economics

question_exam: 

CDS-I

stats: 

0,42,39,19,42,7,13

keywords: 

{'coal india limited': [0, 0, 0, 2], 'single largest coal': [0, 0, 0, 2], 'coal': [0, 1, 2, 0], 'ranchi jharkhand': [0, 0, 0, 1], 'company': [2, 2, 8, 11], 'maha ratna': [0, 0, 0, 1], 'headquarters': [7, 0, 18, 27]}

The correct answer is option 2: 1 and 2 only.

Let`s analyze each option:

- Option 1: This statement is true. Coal India Limited (CIL) is designated as a `Maha Ratna` company under the Ministry of Coal. The `Maha Ratna` status is given to select public sector enterprises in India based on their financial performance and market dominance.

- Option 2: This statement is true. Coal India Limited is indeed the single largest coal producing company in the world. It is responsible for around 82% of coal production in India and has a significant share in the global coal market.

- Option 3: This statement is incorrect. The headquarters of Coal India Limited is not located in Ranchi, Jharkhand. It is actually located in Kolkata, West Bengal. Ranchi, on the other hand, is the capital city of Jharkhand.

To summarize, statement 1 is correct as Coal India Limited is a `Maha Ratna` company. Statement 2 is correct as it is the largest coal producing company in the world. However, statement 3 is incorrect as the headquarters of Coal India Limited is in Kolkata, not Ranchi. Therefore, the correct answer is option