With reference to National Backward Classes Finance amp Development Corporation consider follow...........

Indian Polity Constitutional Bodies

With reference to National Backward Classes Finance & Development Corporation, consider following statements

It comes under the aegis of Ministry of Social Justice and Empowerment.
Its objective is to promote economic and developmental activities for the benefit of Backward Classes.

Select the correct statement.

1 only

2 only

Both

None

It is a Government of India Undertaking under the aegis of Ministry of Social Justice and Empowerment.
It was incorporated under Section 25 of the Companies Act 1956 on 13th January 1992 as a Company not for profit.
Its objective is to promote economic and developmental activities for the benefit of Backward Classes and to assist the poorer section of these classes in skill development and self-employment ventures.

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