Consider the following statements: 1. NTPD is the largest power utility in India. 2. ONGC accounts for half of the LPG production in India. 3. Indian Oil Corporation operates all the oil refineries in India. 4. The Indian Ordinance Factory is the largest

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Q: 109 (IAS/2002)
Consider the following statements:
1. NTPD is the largest power utility in India.
2. ONGC accounts for half of the LPG production in India.
3. Indian Oil Corporation operates all the oil refineries in India.
4. The Indian Ordinance Factory is the largest departmentally run industrial undertaking in the country.
Which of these statements is/are correct?

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,31,39,13,10,16,31

keywords: 

{'largest power utility': [0, 0, 1, 0], 'indian oil corporation': [0, 0, 2, 0], 'industrial undertaking': [0, 0, 1, 0], 'lpg production': [0, 0, 1, 0], 'indian ordinance factory': [0, 0, 1, 0], 'ntpd': [0, 0, 1, 0], 'oil refineries': [2, 0, 3, 3], 'ongc': [0, 0, 5, 1], 'india': [8, 1, 7, 13]}

The correct answer is option 4: 1 and 4 and here`s why:

Statement 1: NTPC (National Thermal Power Corporation) is indeed the largest power utility in India. It contributes to around 25% of total power generation in India.

Statement 2: ONGC (Oil and Natural Gas Corporation) is one of the largest producers of oil and natural gas in India, but it doesn’t account for half of the LPG production in the country. Hence, this statement is incorrect.

Statement 3: Indian Oil Corporation (IOC) is a major oil company in India, but it doesn`t operate all the oil refineries in the country. There are other players such as Bharat Petroleum, Hindustan Petroleum, etc. So, this statement is also incorrect.

Statement 4: The Indian Ordinance Factory is the largest departmentally run industrial undertaking in the country. It operates under the defense ministry and manufactures a range of products for the Indian Armed Forces. So, this statement is correct.

Therefore, statements 1 and 4 are correct. Hence, option 4 is the right answer.