Let's examine each statement regarding Public Sector Undertakings in India: 1. Minerals and Metals Trading Corporation of India Limited (MMTC) is the largest non-oil importer of the country. Historically, MMTC was indeed one of the largest trading companies and a major non-oil importer, dealing with minerals, metals, and agro products. While its status relative to other importers may fluctuate, this statement was generally considered true or plausible for a significant period. 2. Project and Equipment Corporation of India Limited (PEC) is under the Ministry of Industry. PEC was a subsidiary of the State Trading Corporation of India (STC), which falls under the Ministry of Commerce and Industry (specifically, the Department of Commerce). Stating it is "under the Ministry of Industry" might be considered incorrect depending on the specific departmental structure referenced at the time the question was framed. Based on typical government structure, STC group falls under Commerce. 3. One of the objectives of Export Credit Guarantee Corporation of India Limited (ECGC) is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities. ECGC's primary function is to provide export credit insurance and guarantees to Indian exporters against payment risks. Quality control and pre-shipment inspection are functions performed by different bodies like the Export Inspection Council (EIC) under the Ministry of Commerce & Industry. Therefore, this statement is incorrect.
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?
Asked in UPPCS Prelims 2002 · Topic: Industrial Sector (Public Sector Undertakings (PSUs): Role, Performance, and Disinvestment Policy)
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