Consider the following statements: 1. Petrofils Cooperative Limited is a joint venture of the Government of India and Weavers` Cooperative Societies. 2. Petrofils Cooperative Limited is under the administrative control of Weavers` Cooperative Societies. W

examrobotsa's picture

Submitted by examrobotsa on

Q: 55 (IES/2007)
Consider the following statements:
1. Petrofils Cooperative Limited is a joint venture of the Government of India and Weavers' Cooperative Societies.
2. Petrofils Cooperative Limited is under the administrative control of Weavers' Cooperative Societies.
Which of the statements given above is/ are correct?

question_subject: 

Economics

question_exam: 

IES

stats: 

0,24,13,2,9,24,2

keywords: 

{'petrofils cooperative limited': [0, 0, 1, 0], 'cooperative societies': [1, 0, 1, 2], 'joint venture': [0, 0, 0, 1], 'administrative control': [0, 0, 3, 5], 'government': [5, 0, 0, 1]}

Option 1 states that Petrofils Cooperative Limited is a joint venture of the Government of India and Weavers` Cooperative Societies. This means that both the government and the weavers` cooperative societies have come together to form Petrofils Cooperative Limited.

Option 2 states that Petrofils Cooperative Limited is under the administrative control of Weavers` Cooperative Societies. This means that the Weavers` Cooperative Societies have the authority to manage and govern Petrofils Cooperative Limited.

The correct answer is option 3, which states that both statements 1 and 2 are correct. This means that Petrofils Cooperative Limited is indeed a joint venture of the Government of India and Weavers` Cooperative Societies, and it is also under the administrative control of Weavers` Cooperative Societies.

It is important to note that the answer provided is generally correct. However, without additional information, it is not possible to definitively say if the government has a joint venture with Weavers` Cooperative Societies or if Petrofils Cooperative Limited is solely under the administrative control of Weavers` Cooperative Societies.