Sawaal
6
Q:

Which one of the following statements with regard to Antrix Corporation Limited is correct?

A) It is a commercial arm of the Department of Industrial Policy and Promotion. B) It is under the administrative control of the Department of Space. 
C) It is under the administrative control of the Ministry of Health and Family Welfare. D) It is a commercial arm of the Department of Science and Technology.

Answer:   B) It is under the administrative control of the Department of Space. 



Explanation:

Antrix Corporation Limited (ACL), Bengaluru is a wholly owned Government of India Company under the administrative control of the Department of Space. Antrix Corporation Limited was incorporated as a private limited company owned by Government of India in September 1992 as a Marketing arm of ISRO for promotion and commercial exploitation of space products, technical consultancy services and transfer of technologies developed by ISRO. As the commercial and marketing arm of ISRO, Antrixis engaged in providing Space products and services to international customers worldwide.

Subject: Business Awareness
Exam Prep: Bank Exams
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