Consider the following statements 1 Punjab Small Industries and Export Corporation Limited was set u...........

Punjab Economy

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Consider the following statements.

1.Punjab Small Industries and Export Corporation Limited was set up to assist large scale Industries in the State.

2.It is mainly engaged in distribution of iron and steel materials & promotion of export from small scale industries.

3.PSIEC has been acting as a catalyst in promoting Industrial Focal Points (IFPS) of 50 acres to 500 acre in the state.

Which of the following statements is /are correct ?

1 and 2 Only

2 and 3 Only

1 and 3 Only

All of the above

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Explanation:

Punjab Small Industries and Export Corporation Limited was set up to assist small scale Industries in the State and is mainly engaged in distribution of iron and steel materials, development of infrastructure promotion of export from small scale industries and marketing of products manufactured by small scale units through a network of emporia. PSIEC has been acting as a catalyst for promoting industry in Punjab Through development of industrial infrastructure, popularly known as Industrial Focal Points (IFPS) of 50 acres to 500 acres in various important industrial towns and cities.