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GS Paper IUPSC Prelims 2002
Indian Economic Planning & Growth
Question No. 92Interactive Test Mode
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+2-0.66

Q92. With reference to the Public Sector Undertakings in India, consider the following statements: 1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country 2. Project and Equipment Corporation of India Limited is under the Ministry of Industry 3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities Which of these statements is/are correct?

With reference to the Public Sector Undertakings in India, consider the following statements:

  1. Minerals and Metals Trading Corporation of India Limited is the largest non-oil importer of the country
  2. Project and Equipment Corporation of India Limited is under the Ministry of Industry
  3. One of the objectives of Export Credit Guarantee Corporation of India Limited is to enforce quality control and compulsory pre-shipment inspection of various exportable commodities Which of these statements is/are correct?
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2002 • Indian Economy

Correct Answer: Option (A) — 1 only

Concept & Option Breakdown

Standard Reference Verified

Statement 1 is correct: MMTC is India's premier trading house and largest non-oil importer, primarily handling metals, minerals, and precious metals.

Statement 2 is incorrect: PEC Limited (Project and Equipment Corporation of India) operates under the Ministry of Commerce and Industry (Department of Commerce).

Statement 3 is incorrect: ECGC provides credit insurance protection to exporters against non-payment risks; Export Inspection Council (EIC), not ECGC, is mandated to enforce quality control and pre-shipment inspection.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2002 (Q92)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Indian Economic Planning & Growth
Official Answer KeyOption (A) — 1 only

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Frequently Asked Questions — UPSC Prelims 2002 Q92

What is the official answer for UPSC Prelims 2002 GS Paper I Question 92 (Indian Economy)?

The official UPSC answer key for this 2002 Indian Economy (Indian Economic Planning & Growth) question is Option (A): "1 only". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2002 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Indian Economic Planning & Growth". You can explore all repeated questions from Indian Economic Planning & Growth in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Indian Economic Planning & Growth UPSC Prelims question using option elimination?

To solve Indian Economic Planning & Growth questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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