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With reference to the Central Warehouse Corporation (CWC), consider the following statements:
1. Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962.
2. Headquarters is located in Mumbai.
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 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Central Warehouse Corporation (CWC), consider th...
Union Minister of Food & Public Distribution reviewed the modernization plan of Central Warehouse Corporation (CWC).
  • While reviewing, the Minister said that CWC should double its warehouse storage capacity by end of year 2023 and achieve a turnover of Rs 10000 crore by the Financial Year 2024-25. At present, CWC warehouse storage capacity is 125 LMT.
  • The Minister suggested that CWC should prepare a masterplan for upgradation of its all 423 warehouses.
  • Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962.
  • It is a public warehouse operator established by the Government of India in 1956.
  • Headquarters: New Delhi.
Hence only statement 1 is correct.
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Community Answer
With reference to the Central Warehouse Corporation (CWC), consider th...
The Warehousing Corporation Act, 1962.
2. The main objective of CWC is to provide efficient and reliable warehousing services to agricultural and industrial sectors.
3. CWC operates a network of warehouses across the country, including dry warehouses, cold storages, and custom bonded warehouses.
4. CWC also offers services like pest control, fumigation, and handling of goods for its clients.
5. CWC is responsible for the storage and preservation of agricultural produce, including grains, seeds, and fertilizers.

All of these statements are true.
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With reference to the Central Warehouse Corporation (CWC), consider the following statements:1. Central Warehousing Corporation is a statutory body which was established under ‘The Warehousing Corporations Act, 1962.2. Headquarters is located in Mumbai.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 'A'. Can you explain this answer?
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