Consider the following statements1. Any sector is granted 'infrastruct

1.	Consider the following statements1. Any sector is granted 'infrastructure' status by the Department of Heavy Industry.2. Department of Heavy Industry comes under the Ministry of Heavy Industries and Public Enterprises.Which of the statements given above is/are correct?1. Only 12. Only 23. Both 1 and 24. Neither 1 nor 2
Answer» Correct Answer - Option 2 : Only 2 The correct answer is Only 2. Any sector granted 'infrastructure status' by the Department of Economic Affairs under the Ministry of Finance. Hence statement 1 is incorrect. The Ministry of Heavy Industries and Public Enterprises comprises of two departments- Department of Heavy Industry Department of Public Enterprises This department allows Ratna Status and Conduct public enterprises survey So, statement 2 is correct. Financial Ministry comprises of five departments- Department of Economic Affairs- This department prepares the budget, manages forex management, inflation, and price control. Department of Financial Services- It covers the functioning of banks, FIs, Insurance companies, and Pension System. Department of Expenditure- It implements recommendations of the Financial commission and Pays commission. Department of Revenue- CBDT and CBIC come under this department. Department of Investment and Public Asset Management- It sees the management of the central government including disinvestment in CPSEs.

Consider the following statements1. Any sector is granted 'infrastructure' status by the Department of Heavy Industry.2. Department of Heavy Industry comes under the Ministry of Heavy Industries and Public Enterprises.Which of the statements given above is/are correct?1. Only 12. Only 23. Both 1 and 24. Neither 1 nor 2

Answer» Correct Answer - Option 2 : Only 2

The correct answer is Only 2.

Any sector granted 'infrastructure status' by the Department of Economic Affairs under the Ministry of Finance. Hence statement 1 is incorrect.
The Ministry of Heavy Industries and Public Enterprises comprises of two departments-
- Department of Heavy Industry
- Department of Public Enterprises
  - This department allows Ratna Status and
  - Conduct public enterprises survey
So, statement 2 is correct.

Financial Ministry comprises of five departments-

Department of Economic Affairs- This department prepares the budget, manages forex management, inflation, and price control.
Department of Financial Services- It covers the functioning of banks, FIs, Insurance companies, and Pension System.
Department of Expenditure- It implements recommendations of the Financial commission and Pays commission.
Department of Revenue- CBDT and CBIC come under this department.
Department of Investment and Public Asset Management- It sees the management of the central government including disinvestment in CPSEs.