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EconomyEasy

How many government residential flats has NLMC offered for e-auction in Prayagraj?

  1. A.Five
  2. B.Nine
  3. C.Eleven
  4. D.Fifteen

Correct answer

C. Eleven

Explanation

The correct answer is eleven. The Request for Proposal covers 11 ready-built government flats spread over three established housing schemes of Prayagraj in Uttar Pradesh, offering a mix of two-bedroom and three-bedroom units. Option A, five, is only the number of flats in the Juhi Housing Scheme on Muir Road, so it is a part and not the whole. The remaining units are four flats in the Parivartan Housing Scheme on Thornhill Road and two flats in the Agnipath Housing Scheme on T. B. Sapru Road in Civil Lines, which together with Juhi make up the full offer. Options B and D are simply wrong counts that do not match any combination named in the proposal. A candidate should remember the split of five, four and two across the three schemes, since questions are often set on the scheme-wise break-up rather than the total.

Read the full article: NLMC to E-Auction 11 Government Flats in Prayagraj

Q1.EconomyMedium

The National Land Monetization Corporation (NLMC) functions under the administrative control of which department?

  1. A.Department of Public Enterprises, Ministry of Finance
  2. B.Department of Land Resources, Ministry of Rural Development
  3. C.Department of Economic Affairs, Ministry of Finance
  4. D.Ministry of Housing and Urban Affairs
Show answer
Correct answer: A. Department of Public Enterprises, Ministry of Finance

NLMC is a wholly owned Government of India company placed under that department, and it was set up to monetise surplus land and building assets of central public sector enterprises and other government entities in line with the national asset monetisation push.

Q3.EconomyMedium

Which requirement for claiming incentive has been discontinued in the new round of PLI-MD?

  1. A.The minimum sales threshold
  2. B.The export obligation
  3. C.The domestic value addition norm
  4. D.The employment guarantee
Show answer
Correct answer: A. The minimum sales threshold

Learning from the first phase, the department removed the condition that an applicant had to cross a stated level of sales before claiming the incentive, and it also trimmed the minimum investment requirement.