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With reference to the MSTC Ltd, consider the following statements:
1. It was previously known as Metal Scrap Trade Corporation was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalizing agency for import of ferrous scrap and old ships for breaking in the country.
2. MSTC has formed a Joint Venture company, 'Mahindra MSTC Recycling Private Limited' (MMRPL) with Mis Mahindra intergraded Ltd.
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
With reference to the MSTC Ltd, consider the following statements:1. I...
Union Minister for Steel, Shri Ram Chandra Prasad Singh recently inaugurated MSTC's new Corporate building at Newtown, Kolkata.
  • MSTC Ltd, previously known as Metal Scrap Trade Corporation was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalizing agency for import of ferrous scrap and old ships for breaking in the country.
  • From traditional business MSTC has diversified to e-commerce, Today, MSTC has more than seventeen offices across the country.
  • MSTC has formed a Joint Venture company, 'Mahindra MSTC Recycling Priva te Limited' (MMRPL) with Mis Mahindra intergraded Ltd.
  • MMRPL has set up three Collection and Dismantling (C&D) centers at Noida (U.P.), Chennai and Pune to scrap ELVs (End of Life Vehicles), in an environmentally sound manner following the laid down guidelines.
  • Hence both statements are correct.
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With reference to the MSTC Ltd, consider the following statements:1. It was previously known as Metal Scrap Trade Corporation was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalizing agency for import of ferrous scrap and old ships for breaking in the country.2. MSTC has formed a Joint Venture company, Mahindra MSTC Recycling Private Limited (MMRPL) with Mis Mahindra intergraded Ltd.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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With reference to the MSTC Ltd, consider the following statements:1. It was previously known as Metal Scrap Trade Corporation was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalizing agency for import of ferrous scrap and old ships for breaking in the country.2. MSTC has formed a Joint Venture company, Mahindra MSTC Recycling Private Limited (MMRPL) with Mis Mahindra intergraded Ltd.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? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the MSTC Ltd, consider the following statements:1. It was previously known as Metal Scrap Trade Corporation was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalizing agency for import of ferrous scrap and old ships for breaking in the country.2. MSTC has formed a Joint Venture company, Mahindra MSTC Recycling Private Limited (MMRPL) with Mis Mahindra intergraded Ltd.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? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the MSTC Ltd, consider the following statements:1. It was previously known as Metal Scrap Trade Corporation was set up in 1964 as a regulatory body for export of ferrous scrap and thereafter canalizing agency for import of ferrous scrap and old ships for breaking in the country.2. MSTC has formed a Joint Venture company, Mahindra MSTC Recycling Private Limited (MMRPL) with Mis Mahindra intergraded Ltd.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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