Q1. Consider the following statements: 1. The Technology Development Board was constituted in September 1996 under the Technology Development Board Act, 1995. 2. The Technology Development Board is a statutory body. 3. The Technology Development Board's mandate is limited to basic research funding and excludes commercialization of indigenous technology. Which of the statements given above are correct?
Explanation
Statements 1 and 2 are correct. Statement 3 is incorrect because TDB was created to promote development and commercialization of indigenous technology and adaptation of imported technology for wider application.
