Consider the following statements regarding Jal Marg Vikas Project 1 The Jal Marg Vik...........

Geography Transport

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Consider the following statements regarding Jal Marg Vikas Project:

1. The Jal Marg Vikas Project (JMVP) on NW-1 is being implemented with the financial and technical support of the IMF.

2. This project is managed by Inland Waterways Authority of India (IWAI).

Which of the statement given above is/are correct?

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

- The Jal Marg Vikas Project (JMVP) is a significant initiative aimed at developing National Waterway 1 (NW-1) for efficient cargo transportation.

- Statement 1: This statement is incorrect. The JMVP on NW-1 is actually implemented with financial and technical assistance from the World Bank, not the IMF.

- Statement 2: This statement is correct. The project is overseen by the Inland Waterways Authority of India (IWAI), which manages and regulates the inland waterways in the country.

Options:

- Option 1: 1 only - Incorrect, as Statement 1 is wrong.

- Option 2: 2 only - Correct, as only Statement 2 is right.

- Option 3: Both 1 and 2 - Incorrect, as Statement 1 is wrong.

- Option 4: Neither 1 nor 2 - Incorrect, since Statement 2 is correct.