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EconomyHard

By which date must registration, the technical bid and the earnest money for the auction be submitted?

  1. A.29 October 2026
  2. B.3 November 2026
  3. C.19 November 2026
  4. D.23 November 2026

Correct answer

C. 19 November 2026

Explanation

The correct answer is 19 November 2026. Registration, the technical bid and the earnest money or bank guarantee have all to reach the corporation by that date, after which the technical bids are opened on 20 November 2026. Option A, 29 October 2026, is the last date for sending queries about the auction, not for the bid itself. Option B, 3 November 2026, is the day fixed for the pre-bid meeting in New Delhi, where prospective bidders can have the process explained to them. Option D, 23 November 2026, is the date of the mock auction, a trial run held before the real bidding; the e-auction date is to be announced only after the technical bids have been opened. Keeping this calendar in order is the point of the question, since all four dates belong to the same auction and are easily confused with one another.

Read the full article: NLMC Invites Bids for 5.119-Acre HIL Land Parcel in New Delhi

Q1.EconomyMedium

What is the reserve price fixed for the HIL (India) Limited land parcel at Najafgarh, New Delhi?

  1. A.Rs 629.69 crore
  2. B.Rs 829.69 crore
  3. C.Rs 1,029.69 crore
  4. D.Rs 16.60 crore
Show answer
Correct answer: B. Rs 829.69 crore

Explanation

The correct answer is Rs 829.69 crore. That is the floor below which the freehold parcel at Najafgarh Industrial Area will not be sold, and every bid in the electronic auction has to start from it. The bidding then moves up in steps of at least Rs 1 crore per acre. Option A and option C are figures close to the real one and are the kind of distractor a paper setter builds by shifting the first digit, so the number has to be learnt exactly. Option D, Rs 16.60 crore, is also drawn from this auction, but it is the earnest money a bidder must deposit to enter the process, not the reserve price; mixing the two up is the commonest error in questions of this type. A further figure worth separating from both is the processing fee of Rs 24 lakh, which is payable only by the highest bidder.

Q2.EconomyMedium

The National Land Monetization Corporation functions under which department?

  1. A.Department of Public Enterprises, Ministry of Finance
  2. B.Department of Land Resources, Ministry of Rural Development
  3. C.Department for Promotion of Industry and Internal Trade
  4. D.Department of Expenditure, Ministry of Home Affairs
Show answer
Correct answer: A. Department of Public Enterprises, Ministry of Finance

Explanation

The correct answer is the Department of Public Enterprises in the Ministry of Finance. NLMC was set up to help central public sector enterprises and other government entities monetise surplus land and non-core assets, and it sits in that department. In the present case it is facilitating the sale on behalf of HIL (India) Limited, which owns the plot. Option B names the Department of Land Resources, which works on land records and watershed programmes under the Ministry of Rural Development and has no role in monetising enterprise assets. Option C, the Department for Promotion of Industry and Internal Trade, deals with industrial policy and foreign direct investment questions. Option D pairs the Department of Expenditure with the wrong ministry altogether, since that department belongs to the Ministry of Finance and not to Home Affairs. Candidates should remember the chain: NLMC, Department of Public Enterprises, Ministry of Finance.

Q3.EconomyMedium

What is the approximate area of the land parcel being monetised?

  1. A.2.119 acres
  2. B.5.119 acres
  3. C.15.119 acres
  4. D.51.19 acres
Show answer
Correct answer: B. 5.119 acres

Explanation

The correct answer is 5.119 acres, which works out to about 20,722.93 square metres. The parcel carries an industrial land use and is being offered for outright sale through an e-tender followed by an e-auction. The release makes clear that the area is provisional and indicative, and that the exact extent will be fixed through a joint survey conducted with the successful bidder, so the figure should be remembered along with that qualification. Option A, option C and option D are built by changing one digit or shifting the decimal point, which is exactly how such distractors are framed in objective papers. Candidates should therefore link the plot with its two paired measures, the acreage and the figure in square metres, and keep in mind that the sale is on an as-is-where-is basis with no recourse to the seller.

Q4.EconomyMedium

The daily drawdown of coal stocks at power plants fell from 0.243 MT a day in September to which level in October 2026?

  1. A.0.198 MT a day
  2. B.0.116 MT a day
  3. C.0.085 MT a day
  4. D.0.150 MT a day
Show answer
Correct answer: B. 0.116 MT a day

Explanation

The correct answer is 0.116 MT a day. The Ministry of Coal reported that the rate at which coal stocks at power stations were being drawn down slowed sharply, with the daily drawdown dropping by more than half from 0.243 MT a day in September to 0.116 MT a day in October. The ministry called the position one that is stabilising, while admitting that the rebuilding of stocks has not yet started. Option A, option C and option D are invented levels that appear nowhere in the clarification; option C would also imply a fall of far more than half, and options A and D would imply a much smaller slowdown than the one reported. For the examination hall the useful anchor is the comparison itself: a drawdown of 0.243 MT a day in September against 0.116 MT a day in October, a reduction of more than fifty per cent.

Q5.EconomyMedium

Which rake-loading target was achieved on three consecutive days in October 2026, according to the Ministry of Coal?

  1. A.420 rakes a day
  2. B.450 rakes a day
  3. C.470 rakes a day
  4. D.510 rakes a day
Show answer
Correct answer: C. 470 rakes a day

Explanation

The correct answer is 470 rakes a day. Rail loading of coal has averaged more than 465 rakes a day during October, and the ministry noted that the 470-rake target was met on three days running, which it treated as a sign that logistics had strengthened alongside production. Looking ahead, the ministry said loading held in the band of 465 to 475 rakes a day should support further stabilisation and then allow stocks to be rebuilt. Option A and option B name lower daily figures that the clarification never mentions, and both sit below even the monthly average already achieved. Option D names a figure well above the band the ministry wants sustained, so it cannot be the target that was reached. The number to memorise is the target of 470, distinct from the monthly average of more than 465.