SSC Economics Sample Paper NCERT Sample Paper-6

  • question_answer
    Consider the following statements about Tata Steel
    1. It is the Asia's first privately owned integrated Iron and steel plant.
    2. It is the first company outside Japan to get the Deming Application Prize in 2008 for excellence in total quality management.
    3. Immediately after the enactment of the Provident Fund Law in India, Tata steel introduced provident fund for its employees.
    4. It is the first company in the world to get social accountability 8000 certification from the Social Accountability International from the USA. Which of the statements given above is/are correct.

    A)  1, 2, 3 and 4    

    B)  1, 2 and 3

    C)  2 and 3

    D)  3 and 4

    Correct Answer: B

    Solution :

    [b] Tata Steel Limited (formerly Tata Iron and Steel Company Limited (TISCO)) was the 11th largest steel producing company in the world in 2013, with an annual crude steel capacity of 25.3 million tonnes, and the second largest steel company in India (measured by. domestic production) with an annual capacity of 9.7 million tonnes after SAIL. The company changed its name from TISCO to Tata Steel in 2005. In 1971 and 1979, there were unsuccessful attempts to nationalise the company.

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