|Consider the following statements about Federation of Indian Chambers of Commerce Industry (FICCI).|
|1. Established in 1927, on the advice of Mahatma Gandhi by JRD Tata and Ramkumar Kankrawa, it is the largest, oldest and the apex business organisation in India.|
|2. FICCI draws its membership strictly from the corporate sector, both private and public, including and MNCs.|
|Which of the statement(s) given above is/are incorrect?|
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1nor2
Correct Answer: C
Solution :[c] FICCI's history is closely interwoven with India's struggle for independence, its industrialisation and its emergence as one of the most rapidly growing global economies. FICCI has contributed to this historical process by encouraging debate, articulating the private sector's views and influencing policy. A non-government, not-for-profit organisation, FICCI is the voice of India's business and industry. FICCI draws its membership from the corporate sector, both private and public, including SMEs and MNCs. FICCI enjoys an indirect member sir of over 250000 companies from various regional chambers of commerce.
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