MCQ
Ship Recycling MCQ - Practice Questions with Answers
Solve 1 Ship Recycling questions for RAS/RPSC preparation.
Practice questions
Q1With reference to the Ship Recycling Credit Note Scheme of the Ministry of Ports, Shipping and Waterways, consider the following statements:\n1. The credit note is equal to 5 percent of the scrap value of the recycled ship.\n2. The credit note can be used to pay up to 5 percent of the price of a new ship built at Indian shipyards.\nWhich of the statements given above is/are correct?
Explanation
Statement 1 is incorrect: the credit note equals 40 percent (not 5 percent) of the scrap value of the recycled ship. Statement 2 is correct: the credit note can be used to pay up to 5 percent of the price of a new ship built at Indian shipyards. Hence only statement 2 is correct.
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