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Consider the following statements regarding New Space India Limited (NSIL):
It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO).
It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the
Private Sector.
It will not work on any functions assigned to Antrix corporation.
Which of the statements given above is/are correct?
- a)1 and 2 only
- b)2 and 3 only
- c)2 only
- d)1 and 3 only
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding New Space India Limited (...
New Space India Limited (NSIL) is a newly formed entity under the administrative control of the Indian Space Research Organization (ISRO). It is a wholly owned Government of India undertaking and has been established with the objective of commercializing the products and services of ISRO.
Statement 1: It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO).
This statement is correct. NSIL is a government-owned company and it operates under the administrative control of ISRO. It was incorporated in March 2019 as a public sector undertaking (PSU) under the Companies Act, 2013.
Statement 2: It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector.
This statement is also correct. NSIL has been given the responsibility to manufacture the Small Satellite Launch Vehicle (SSLV), which is a new generation launch vehicle developed by ISRO. NSIL will collaborate with the private sector to manufacture SSLV and promote its commercial use.
Statement 3: It will not work on any functions assigned to Antrix Corporation.
This statement is incorrect. Antrix Corporation Limited is the commercial arm of ISRO, responsible for marketing and selling the products and services of ISRO globally. NSIL has been created to take over the commercial activities of Antrix Corporation, including the marketing and sales of space-related products and services. NSIL will work on the functions assigned to Antrix Corporation and will further enhance and strengthen the commercial activities of ISRO.
Therefore, the correct statements are:
- Statement 1: It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO).
- Statement 2: It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector.
Hence, the correct answer is option C) 2 only.
Statement 1: It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO).
This statement is correct. NSIL is a government-owned company and it operates under the administrative control of ISRO. It was incorporated in March 2019 as a public sector undertaking (PSU) under the Companies Act, 2013.
Statement 2: It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector.
This statement is also correct. NSIL has been given the responsibility to manufacture the Small Satellite Launch Vehicle (SSLV), which is a new generation launch vehicle developed by ISRO. NSIL will collaborate with the private sector to manufacture SSLV and promote its commercial use.
Statement 3: It will not work on any functions assigned to Antrix Corporation.
This statement is incorrect. Antrix Corporation Limited is the commercial arm of ISRO, responsible for marketing and selling the products and services of ISRO globally. NSIL has been created to take over the commercial activities of Antrix Corporation, including the marketing and sales of space-related products and services. NSIL will work on the functions assigned to Antrix Corporation and will further enhance and strengthen the commercial activities of ISRO.
Therefore, the correct statements are:
- Statement 1: It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO).
- Statement 2: It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector.
Hence, the correct answer is option C) 2 only.
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Community Answer
Consider the following statements regarding New Space India Limited (...
Option (c) is the correct answer.
Statement 1 is incorrect. It is a wholly owned Government of India undertaking/ Central Public Sector Enterprise (CPSE), under the administrative control of Department of Space (DOS).
Statement 2 is correct. NSIL has been incorporated to carry out the following roles and functions as part of its mandate viz.
- Small Satellite technology transfer to industry, wherein NSIL will obtain license from DOS/ISRO and sub-license it to Industries.
- Manufacture of Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. (iii) Production of Polar Satellite Launch Vehicle (PSLV) through Indian Industry.
- Production and marketing of Space based products and services, including launch and application.
- Transfer of technology developed by ISRO Centers and constituent units of DOS.
- Marketing spin-off technologies and products/services, both in India and abroad.
- Any other subject which Government of India deems fit.
Statement 3 is incorrect. Some of the above functions are common to both Antrix corporation as well as New Space India Limited (NSIL).
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Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?
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Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding New Space India Limited (NSIL): It is a wholly owned Government of India undertaking under the administrative control of Indian space research organization (ISRO). It will manufacture Small Satellite Launch Vehicle (SSLV) in collaboration with the Private Sector. It will not work on any functions assigned to Antrix corporation. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 and 3 onlyc)2 onlyd)1 and 3 onlyCorrect answer is option 'C'. Can you explain this answer?.
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