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Consider the following statements:
1. The Ministry of Road Transport and Highways has recently issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap - would be allowed for National Highway construction, as long as it meets the standards required for specific grades of steel.
2. Earlier, the contract provisions required the use of steel produced by primary/integrated steel producers only.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Consider the following statements:1. The Ministry of Road Transport an...
The Ministry of Road Transport and Highways has issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap - would be allowed to be used for National Highway construction, as long as it meets the standards required for specific grades of steel.
  • The steel proposed to be used would be tested in NABL-accredited laboratories as a third party check before approval.
  • Earlier, the contract provisions required the use of steel produced by primary/integrated steel producers only.
  • In view of the increase in steel prices, which can impact the cost of building national highways, Union Minister for Road Transport & Highways had suggested the need to re-look at all conditions which could be restrictive.
  • With this step, the supplier base for steel used in the construction of national highways would increase, leading to more competition and better price discovery by the markets.
  • This is also part of the minister's continuous effort to reduce costs through the use of new technology, reducing restrictions on suppliers and making the procurement system transparent.
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Most Upvoted Answer
Consider the following statements:1. The Ministry of Road Transport an...
The Ministry of Road Transport and Highways has issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap - would be allowed to be used for National Highway construction, as long as it meets the standards required for specific grades of steel.
  • The steel proposed to be used would be tested in NABL-accredited laboratories as a third party check before approval.
  • Earlier, the contract provisions required the use of steel produced by primary/integrated steel producers only.
  • In view of the increase in steel prices, which can impact the cost of building national highways, Union Minister for Road Transport & Highways had suggested the need to re-look at all conditions which could be restrictive.
  • With this step, the supplier base for steel used in the construction of national highways would increase, leading to more competition and better price discovery by the markets.
  • This is also part of the minister's continuous effort to reduce costs through the use of new technology, reducing restrictions on suppliers and making the procurement system transparent.
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Consider the following statements:1. The Ministry of Road Transport and Highways has recently issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap - would be allowed for National Highway construction, as long as it meets the standards required for specific grades of steel.2. Earlier, the contract provisions required the use of steel produced by primary/integrated steel producers only.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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