Which of the following statements about the National Skill Development Corporation is are not correc...........

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Which of the following statements about the National Skill Development Corporation is/are not correct?

It is a not-for-profit Public Limited Company set up by the Ministry of Skills Development and Entrepreneurship.
It promotes skill development by catalysing the creation of only large, quality and non-profit vocational institutions.

Select the correct answer using the code given below :

This questions was previously asked in

EPFO EO AO 2023

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1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

- Statement 1: The National Skill Development Corporation (NSDC) is indeed a not-for-profit Public Limited Company, but it was set up by the Ministry of Finance under public-private partnership, not directly by the Ministry of Skills Development and Entrepreneurship.

- Statement 2: NSDC promotes skill development across various sizes of institutions, including both for-profit and non-profit, aiming for broad access rather than limiting to non-profit institutions only.

- Both statements contain inaccuracies about NSDC's origins and range of initiatives.

- Correct Answer: Both 1 and 2