Correct Option
Statement 1: MMTC Ltd. (Metals and Minerals Trading Corporation of India) has historically been India's largest international trading organization, particularly in non-oil commodities. Its operations encompass the export and import of various goods, including minerals, metals, agricultural products, and precious metals. Therefore, statement 1 is correct.
Statement 2: Neelachal Ispat Nigam Limited (NINL) was established as a joint venture. The primary promoters included MMTC and IPICOL (Industrial Promotion and Investment Corporation of Odisha Limited), which is a state public sector undertaking of the Government of Odisha. This structure confirms that NINL was set up jointly with an entity representing the Government of Orissa. Therefore, statement 2 is correct.
Since both statements are correct, option (c) is the appropriate answer.
Incorrect Options
Options (a) and (b) are incorrect as they only acknowledge one of the two factually correct statements.
Option (d) is incorrect because both statements provided are accurate.