For which financial year did the NLMC board approve the Annual Financial Statements and Directors' Report?
- A.2023-24
- B.2024-25
- C.2025-26
- D.2026-27
Correct answer
Explanation
The answer is 2025-26. Alongside the monetisation proposals, the twenty-first board meeting cleared the Annual Financial Statements and the Directors' Report for that financial year. These are routine items of corporate business, but they are exactly the kind of specific that a question will pick out precisely because candidates skim past them.
Option D is the strongest distractor, since the meeting itself took place during that year rather than after it, and accounts are approved for a year that has closed rather than one still running. Hold the three specifics from this meeting together and the whole item is covered: the twenty-first board meeting, assets worth over Rs 5,000 crore recommended, and accounts approved for 2025-26.
A small habit helps with items like this: when a release names a financial year, note whether it has closed or is still running, because that alone usually settles the question.
Read the full article: NLMC Board Clears Assets Worth Over Rs 5,000 Crore
Practice Questions
What was the value of the monetisation proposals recommended at NLMC's 21st board meeting?
- A.Over Rs 1,000 crore
- B.Over Rs 5,000 crore
- C.Over Rs 10,000 crore
- D.Over Rs 50,000 crore
Show answer
At its twenty-first board meeting, held on 18 September 2026, the National Land Monetization Corporation considered and recommended proposals covering assets of that value.
Read the full explanation →Whose surplus assets does the National Land Monetization Corporation help monetise?
- A.State government departments only
- B.Private companies in financial distress
- C.Central Public Sector Enterprises and other government entities
- D.Municipal corporations and urban local bodies
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NLMC does not simply buy and sell. It works alongside whichever body owns the property, identifying which assets are suitable, carrying out due diligence, arranging a valuation and then structuring the process, with transparency, efficiency and value realisation as its stated priorities.
Read the full explanation →Which state received the largest amount in this instalment of tax devolution?
- A.Maharashtra
- B.Bihar
- C.Uttar Pradesh
- D.West Bengal
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In the state-wise break-up published with the release, Uttar Pradesh was allotted the largest amount of the Rs 1,09,019 crore shared among twenty-eight states, which follows from its being the biggest claimant on the states' share of central taxes.
Read the full explanation →Why did the Union Government advance the November instalment of tax devolution?
- A.Because the Finance Commission's term was ending
- B.In view of the festive season and to help states accelerate capital spending
- C.To offset a shortfall in GST compensation
- D.Because states had failed to meet borrowing limits
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The Ministry of Finance said the early transfer would also let states finance expenditure related to development and welfare.
Read the full explanation →How much tax devolution did the Union Government release to state governments on 5 November 2026?
- A.Rs 89,086 crore
- B.Rs 1,09,019 crore
- C.Rs 1,78,173 crore
- D.Rs 2,09,019 crore
Show answer
This was the regular instalment of tax devolution that the Union Government transferred to the state governments, and it was released on 5 November 2026.
Read the full explanation →