UPSC Prelims 2007·GS1·economy·economic sectors and development

With reference to the steel industry in India in the recent times, consider the following statements: 1. Vizag Steel Plant (RINL) has been declared Mini Ratna. 2. Merger of IISO with SAIL has been completed. Which of the statements given above is/are correct?

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  1. A1 only
  2. B2 only
  3. CBoth 1 and 2Correct
  4. DNeither 1 nor 2

Explanation

The correct answer is C because both statements are factually accurate regarding the Indian steel industry. Statement 1 is correct because Rashtriya Ispat Nigam Limited RINL, also known as Vizag Steel, was granted the Mini Ratna Category 1 status by the government. It has since progressed further and currently holds Navratna status, but the statement remains fundamentally true as it achieved the Mini Ratna milestone. Statement 2 is correct because the Indian Iron and Steel Company IISCO was officially merged with the Steel Authority of India Limited SAIL. This merger was aimed at optimizing resources and modernizing the older plants. The process was completed in 2006, making it a definitive part of SAIL history in recent times.
economy: With reference to the steel industry in India in the recent times, consider the following statements: 1. Vizag Steel Pla
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