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Consider the following statements with reference to the National Mineral Development Corporation (NMDC):
- It is a public-sector enterprise under the administrative control of the Ministry of Mines.
- It is the largest producer of iron ore in India.
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 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements with reference to the National Miner...
National Mineral Development Corporation (NMDC) Ltd. is diversifying its mineral portfolio by initiating gold mining operations in Western Australia through its subsidiary, Legacy Iron Ore Ltd.
About National Mineral Development Corporation (NMDC):
- Incorporated in 1958 as a Government of India public enterprise, NMDC is India’s largest producer of iron ore.
- It is a Navratna public-sector enterprise under the administrative control of the Ministry of Steel.
- The company is engaged in the exploration of a range of minerals, including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
- It owns and operates highly mechanized iron ore mines in Chhattisgarh and Karnataka.
- It also operates the only mechanized diamond mine in India at Panna, Madhya Pradesh.
- NMDC is considered to be one of the low-cost producers of iron ore in the world.
- The company sells most of their high-grade iron ore production to the Indian domestic steel market, primarily pursuant to long-term sales contracts.
- The registered office is located in the city of Hyderabad, Telangana.
Hence only statement 2 is correct.
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Consider the following statements with reference to the National Miner...
Explanation:
The correct answer is option B: 2 only. Let's discuss each statement one by one.
Statement 1: It is a public-sector enterprise under the administrative control of the Ministry of Mines.
This statement is incorrect. The National Mineral Development Corporation (NMDC) is not under the administrative control of the Ministry of Mines. It is a public-sector enterprise under the administrative control of the Ministry of Steel. The Ministry of Steel is responsible for the development, coordination, and growth of the iron and steel industry in India. Therefore, statement 1 is incorrect.
Statement 2: It is the largest producer of iron ore in India.
This statement is correct. NMDC is indeed the largest producer of iron ore in India. It is a state-controlled mineral producer of the Government of India. NMDC operates iron ore mines in the states of Chhattisgarh and Karnataka. It has been involved in the exploration, production, and sale of iron ore for over six decades. The company has consistently been the largest producer and exporter of iron ore in India. Therefore, statement 2 is correct.
To summarize, the correct answer is option B: 2 only. The first statement is incorrect, as NMDC is not under the administrative control of the Ministry of Mines. The second statement is correct, as NMDC is the largest producer of iron ore in India.
The correct answer is option B: 2 only. Let's discuss each statement one by one.
Statement 1: It is a public-sector enterprise under the administrative control of the Ministry of Mines.
This statement is incorrect. The National Mineral Development Corporation (NMDC) is not under the administrative control of the Ministry of Mines. It is a public-sector enterprise under the administrative control of the Ministry of Steel. The Ministry of Steel is responsible for the development, coordination, and growth of the iron and steel industry in India. Therefore, statement 1 is incorrect.
Statement 2: It is the largest producer of iron ore in India.
This statement is correct. NMDC is indeed the largest producer of iron ore in India. It is a state-controlled mineral producer of the Government of India. NMDC operates iron ore mines in the states of Chhattisgarh and Karnataka. It has been involved in the exploration, production, and sale of iron ore for over six decades. The company has consistently been the largest producer and exporter of iron ore in India. Therefore, statement 2 is correct.
To summarize, the correct answer is option B: 2 only. The first statement is incorrect, as NMDC is not under the administrative control of the Ministry of Mines. The second statement is correct, as NMDC is the largest producer of iron ore in India.
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Consider the following statements with reference to the National Mineral Development Corporation (NMDC): It is a public-sector enterprise under the administrative control of the Ministry of Mines. It is the largest producer of iron ore in India.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 'B'. Can you explain this answer?
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