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?
✓ Correct answer: c) Both 1 and 2
ExplanationMMTC has played a key role in India’s international trade landscape while also contributing to industrial growth through projects like NINL.Statement 1 is correct : MMTC Limited (Metallic Materials Trading Corporation of India) is one of India’s largest public sector trading companies and the largest in the field of inter- national trade.It handles both exports and imports, primarily dealing with metals, minerals, and other commodities.MMTC is involved in the trading of precious metals, ores, and other prod- ucts, making it the largest trading organization in India in its sec- tor.Statement 2 is correct : Neelachal Ispat Nigam Limited (NINL) is a joint venture between MMTC Limited, Government of Odisha, and other stakeholders.It was established to set up a steel plant in the state of Odisha.The venture focuses on the production of steel and other related activities, contributing to industrial growth in the region.86
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