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Consider the following statements with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI):
- It is a non-government and not-for-profit organization.
- It serves its members from the Indian private and public corporate sectors and multinational companies.
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?
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Consider the following statements with reference to the Federation of ...
Federation of Indian Chambers of Commerce and Industry (FICCI) is a non-government and not-for-profit organization that serves its members from the Indian private and public corporate sectors as well as multinational companies. Both statements given above are correct.
Explanation:
1. FICCI is a non-government and not-for-profit organization:
The first statement is correct. FICCI is an industry association that works towards promoting and protecting the interests of Indian businesses. It is not a government organization but operates as a private entity. It is registered under the Societies Registration Act, 1860 and is governed by a council of members elected from its various sectors and regional chambers. FICCI's main objective is to facilitate the growth of Indian businesses and create a conducive environment for their development.
2. FICCI serves its members from the Indian private and public corporate sectors and multinational companies:
The second statement is also correct. FICCI represents a wide range of industries, including manufacturing, services, and agriculture. It serves its members by providing a platform for networking, knowledge sharing, and advocacy. FICCI works closely with the government and policymakers to provide inputs and recommendations on various policy matters that impact the business environment in India. It also organizes conferences, seminars, and exhibitions to promote trade and investment opportunities for its members.
FICCI's membership includes both private and public sector companies from various industries, as well as multinational companies operating in India. It acts as a bridge between the government and the industry, advocating for policies that promote economic growth, entrepreneurship, and innovation.
In conclusion, the Federation of Indian Chambers of Commerce and Industry (FICCI) is a non-government and not-for-profit organization that serves its members from the Indian private and public corporate sectors, as well as multinational companies. It plays a crucial role in promoting the interests of Indian businesses and facilitating their growth.
Explanation:
1. FICCI is a non-government and not-for-profit organization:
The first statement is correct. FICCI is an industry association that works towards promoting and protecting the interests of Indian businesses. It is not a government organization but operates as a private entity. It is registered under the Societies Registration Act, 1860 and is governed by a council of members elected from its various sectors and regional chambers. FICCI's main objective is to facilitate the growth of Indian businesses and create a conducive environment for their development.
2. FICCI serves its members from the Indian private and public corporate sectors and multinational companies:
The second statement is also correct. FICCI represents a wide range of industries, including manufacturing, services, and agriculture. It serves its members by providing a platform for networking, knowledge sharing, and advocacy. FICCI works closely with the government and policymakers to provide inputs and recommendations on various policy matters that impact the business environment in India. It also organizes conferences, seminars, and exhibitions to promote trade and investment opportunities for its members.
FICCI's membership includes both private and public sector companies from various industries, as well as multinational companies operating in India. It acts as a bridge between the government and the industry, advocating for policies that promote economic growth, entrepreneurship, and innovation.
In conclusion, the Federation of Indian Chambers of Commerce and Industry (FICCI) is a non-government and not-for-profit organization that serves its members from the Indian private and public corporate sectors, as well as multinational companies. It plays a crucial role in promoting the interests of Indian businesses and facilitating their growth.
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Consider the following statements with reference to the Federation of ...
Recently, The Ministry of Civil Aviation in collaboration with Federation of Indian Chambers of Commerce & Industry (FICCI) organized a curtain raiser ahead of Wings India 2024.
About Wings India 2024:
- Ministry of Civil Aviation (MoCA), Airport Authority of India (AAI) and Federation of Indian Chambers of Commerce and Industry (FICCI) are organizing the upcoming edition of 'Wings India 2024'.
- The Asia’s largest commercial, general, and business aviation event to be held in January 2024 at Begumpet Airport, Hyderabad, India.
Federation of Indian Chambers of Commerce and Industry (FICCI):
- It was established in 1927 as non-government, not-for-profit organization.
- It is the largest and oldest apex business organisation in India.
- It serves its members from the Indian private and public corporate sectors and multinational companies.
- It is the voice of India's business and industry. From influencing policy to encouraging debate, engaging with policy makers and civil society, it articulates the views and concerns of industry.
Airport Authority of India (AAI):
- It was constituted by an Act of Parliament and came into being on 1st April 1995 by merging erstwhile National Airports Authority and International Airports Authority of India.
- It is responsible for creation development and management of Air Cargo Terminals for processing of international air cargo at international and domestic airports in India.
Hence both statements are correct.
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Consider the following statements with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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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Consider the following statements with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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 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 with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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 UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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?.
Consider the following statements with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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 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 with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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 UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Federation of Indian Chambers of Commerce and Industry (FICCI): It is a non-government and not-for-profit organization. It serves its members from the Indian private and public corporate sectors and multinational companies.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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