|Consider the following statements:|
|1. The first Petrochemical Industry in India has started with the establishment of National Organic Chemical Industry Limited in decades sixties.|
|2. The real importance of Petrochemical Industry in India shown with the establishment of Indian Petrochemicals Corporation Limited (IPCL) at Baroda. Which of the statements given above is/are correct?|
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :[c] The National Organic Chemical Industry Limited was incorporated on 11th May 1961, at Mumbai. The Company manufacture various organic and inorganic chemicals. Indian Petrochemicals Corporation Limited (IPCL) was incorporated in 1969 as a Government of India undertaking. Presently, IPCL is under the administrative control of the Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers.
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