Consider the following statements about Invest India1. The UNCTAD has

1.	Consider the following statements about Invest India1. The UNCTAD has declared ‘Invest India’ as winner of the 2020 United Nations Investment Promotion Award.2. It is a non-profit venture set up in 2009 under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of IndiaWhich of the above statements is/are correct?1. 1 only2. 2 only3. Both 1 and 24. Neither 1 nor 2
Answer» Correct Answer - Option 3 : Both 1 and 2 The correct answer is Both 1 and 2. In News The United Nations (UNCTAD) has declared Invest India as a winner of the 2020 United Nations Investment Promotion Award. Hence, Statement 1 is correct. The award ceremony took place on 7th December 2020 from UNCTAD Headquarters in Geneva. The Award recognizes and celebrates the outstanding achievements of the World’s best-practice investment promotion agencies. The evaluation was based on UNCTAD’s assessment of work undertaken by 180 national Investment Promotion Agencies across the world. “Invest India” is the National Investment Promotion and Facilitation Agency of India and act as the first point of reference for investors in India. It is a non-profit venture set up in 2009 under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India. Hence, Statement 2 is correct.

Consider the following statements about Invest India1. The UNCTAD has declared ‘Invest India’ as winner of the 2020 United Nations Investment Promotion Award.2. It is a non-profit venture set up in 2009 under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of IndiaWhich of the above statements is/are correct?1. 1 only2. 2 only3. Both 1 and 24. Neither 1 nor 2

Answer» Correct Answer - Option 3 : Both 1 and 2

The correct answer is Both 1 and 2.

In News

The United Nations (UNCTAD) has declared Invest India as a winner of the 2020 United Nations Investment Promotion Award. Hence, Statement 1 is correct.
- The award ceremony took place on 7th December 2020 from UNCTAD Headquarters in Geneva.
The Award recognizes and celebrates the outstanding achievements of the World’s best-practice investment promotion agencies.
The evaluation was based on UNCTAD’s assessment of work undertaken by 180 national Investment Promotion Agencies across the world.

“Invest India” is the National Investment Promotion and Facilitation Agency of India and act as the first point of reference for investors in India.
It is a non-profit venture set up in 2009 under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India. Hence, Statement 2 is correct.