Indian Oil to Give Rs 40 Crore Boost to Boxing in India

The correct answer is Rs 40 crore. Under the memorandum of understanding signed with the National Sports Development Fund and the Sports Authority of India, Indian Oil Corporation will provide this amount over a period of two years from its corporate social responsibility funds. The money is to be used for talent identification, athlete development, coaching, sports science, international exposure, the strengthening of boxing academies and the capacity building of coaches, referees and technical officials. Options A, C and D give amounts that were not announced in this partnership. The arrangement is notable because it combines three different strengths, namely the company's CSR support, the fund's role in mobilising resources for sports development, and the technical expertise of the Sports Authority of India, so that boxers get quality coaching, scientific support, training facilities and chances to compete at home and abroad.

The correct answer is six medals, including three gold. Indian boxers finished the Asian Games 2026 with six medals in total, three of them gold and the other three bronze, and this showing is the reason the new partnership is described as coming at an important time for the sport. The programme signed by the National Sports Development Fund, the Sports Authority of India and Indian Oil Corporation aims to build on that result by strengthening the development pathway for emerging as well as elite boxers. Option A understates both the total and the gold count, option C gives a wrong total with a wrong gold count, and option D leaves out the gold medals altogether, which is the most important part of the tally. Remember that no silver medal featured in the Indian boxing haul at these Games.

The correct answer is the Charitable Endowments Act, 1890. The National Sports Development Fund was established by the Government of India in 1998 under this Act, and its purpose is to mobilise resources from individuals and corporate organisations for the development of sport in the country. The fund supports athlete development, sports infrastructure, academies, specialised coaching, equipment and international exposure through partnerships with both public and private sector organisations, which is exactly the role it plays in the boxing agreement with Indian Oil Corporation. Options A, C and D name other well known statutes that govern societies, trusts and companies, and they are plausible choices for a body of this kind, but none of them is the enabling law for this fund. The year of establishment, 1998, is equally worth remembering for the examination.

The correct answer is the revamped Khelo India Scheme. Union Minister of Youth Affairs and Sports Dr Mansukh Mandaviya said that under this scheme, which the Union Cabinet approved, the government is deepening its collaboration with corporate partners, and that CSR backed partnerships of this kind will help build a truly national sports ecosystem. He also observed that sport needs support in its early and developing stage, after which the ecosystem begins to sustain itself and investment follows, and he urged companies to come forward for every sport rather than boxing alone. Options A, B and D name real government initiatives in sport, which makes them plausible, but the minister tied this agreement to the revamped Khelo India Scheme. The signing was itself made possible by the inclusion of sports as a dedicated theme in the Common CSR Theme Framework of the Department of Public Enterprises.