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Which of the following organisations was set-up to assist small scale industries in the state and is mainly engaged in distribution of iron and steel materials?

A. Punjab State Development Corporation

B. Punjab Small Industry and Export Corporation

C. State Finance Corporation

D. None of the above

Answer: Option B

Solution (By Examveda Team)

Punjab Small Industry and Export corporation Ltd. (PSIEC) was set up in 1962 to assist small scale industries in the state. It is mainly engaged in distribution of iron and steel materials, development of infrastructure, promotion of export from small scale industries and marketing of products manufactured in small scale units.

This Question Belongs to State GK >> Punjab

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