The question asks to identify the correct statements about the National Co-operative Development Corporation (NCDC).

National Co-operative Development Corporation (NCDC) Overview

The National Co-operative Development Corporation (NCDC) is a government agency in India. Its main purpose is to promote, finance, and coordinate the activities of co-operative organizations across various sectors like agriculture, small industries, and handicrafts.

Analyzing the Statements about NCDC

1. Statement (1): It is a statutory corporation

   This statement is TRUE. The NCDC was established by an Act of Parliament, specifically the National Co-operative Development Corporation Act, 1962. This makes it a statutory corporation, meaning its existence and functions are defined by law.

2. Statement (2): It is an autonomous organization

   This statement is generally considered TRUE in practice. While NCDC is a statutory body, it functions with a degree of operational autonomy granted by its establishing Act. However, its primary classification is 'statutory'.

3. Statement (3): Now it is a public financial institution

   This statement is FALSE. While NCDC provides financial assistance and loans to co-operative societies, its core identity and mandate are focused on the *development* of co-operatives, not acting as a general-purpose public financial institution like a commercial bank or a development financial institution (DFI) in the broader sense. Its statutory nature and developmental role are its defining characteristics.

4. Statement (4): Operating under the administrative control of ministry of agriculture and farmer welfare

   This statement is TRUE. The NCDC functions under the purview of the Ministry of Agriculture & Farmers Welfare, Government of India. This ministry oversees its policies and administrative functions.

Conclusion on NCDC Status

Based on the analysis:

• Statement (1) is TRUE.
• Statement (4) is TRUE.
• Statement (3) is FALSE.
• Statement (2) is true in practice but (1) is its fundamental legal status.

Therefore, the correct combination highlighting the essential nature and administrative positioning of the NCDC is that it is a statutory corporation operating under the Ministry of Agriculture and Farmer Welfare.

Final Answer Determination

Considering the statements, the combination that accurately describes the NCDC's fundamental nature and administrative structure is:

• (1) It is a statutory corporation
• (4) Operating under the administrative control of ministry of agriculture and farmer welfare

This corresponds to option 3: (1) and (4) only.