state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements about the National Coal Index (NCI):
1. NCI is a price index combining the prices of coal from all the sales channels, notified prices, auction prices and import prices.
2. It is used to determine the premium, on a per-kilogram basis or revenue share on a percentage basis based on a market-based mechanism.
Which of the above statements is/are correct?
1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2