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Which of the following statements is/are correct with reference to National Small Industries Corporation (NSIC)?
1. It is a government enterprise under the Union Ministry of Commerce and Industry.
2. It provides financial assistance for procurement of raw materials to small industries.
Select the correct answer using the code given below.
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is/are correct with reference to Nat...
  • National Small Industries Corporation (NSIC), is an ISO 9001-2015 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). Hence, statement 1 is not correct.
  • NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. Its mission is “To promote and support Micro, Small & Medium Enterprises (MSMEs) Sector” by providing integrated support services encompassing Marketing, Technology, Finance and other services. NSIC operates through countrywide network of offices and Technical Centres in the Country. NSIC's Raw Material Assistance Scheme aims at helping Small Enterprises by way of financing the purchase of Raw Material (both indigenous & imported). The salient features are:
    (a) Financial Assistance for procurement of Raw Materials upto 90 days. Hence, statement 2 is correct.
    (b) Bulk purchase of basic raw materials at competitive rates.
  • NSIC operates through countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up Training cum Incubation Centre managed by professional manpower.
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Community Answer
Which of the following statements is/are correct with reference to Nat...
  • National Small Industries Corporation (NSIC), is an ISO 9001-2015 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). Hence, statement 1 is not correct.
  • NSIC has been working to promote, aid and foster the growth of micro, small and medium enterprises in the country. Its mission is “To promote and support Micro, Small & Medium Enterprises (MSMEs) Sector” by providing integrated support services encompassing Marketing, Technology, Finance and other services. NSIC operates through countrywide network of offices and Technical Centres in the Country. NSIC's Raw Material Assistance Scheme aims at helping Small Enterprises by way of financing the purchase of Raw Material (both indigenous & imported). The salient features are:
    (a) Financial Assistance for procurement of Raw Materials upto 90 days. Hence, statement 2 is correct.
    (b) Bulk purchase of basic raw materials at competitive rates.
  • NSIC operates through countrywide network of offices and Technical Centres in the Country. In addition, NSIC has set up Training cum Incubation Centre managed by professional manpower.
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Which of the following statements is/are correct with reference to National Small Industries Corporation (NSIC)?1.It is a government enterprise under the Union Ministry of Commerce and Industry.2.It provides financial assistance for procurement of raw materials to small industries.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements is/are correct with reference to National Small Industries Corporation (NSIC)?1.It is a government enterprise under the Union Ministry of Commerce and Industry.2.It provides financial assistance for procurement of raw materials to small industries.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is/are correct with reference to National Small Industries Corporation (NSIC)?1.It is a government enterprise under the Union Ministry of Commerce and Industry.2.It provides financial assistance for procurement of raw materials to small industries.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is/are correct with reference to National Small Industries Corporation (NSIC)?1.It is a government enterprise under the Union Ministry of Commerce and Industry.2.It provides financial assistance for procurement of raw materials to small industries.Select the correct answer using the code given below.a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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