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EconomyMedium

How much iron ore did NMDC produce in August 2026, according to the Ministry of Steel's review?

  1. A.2.58 million tonnes
  2. B.3.58 million tonnes
  3. C.4.07 million tonnes
  4. D.6.15 million tonnes

Correct answer

C. 4.07 million tonnes

Explanation

The correct answer is 4.07 million tonnes. The review records that NMDC mined that quantity of iron ore in August 2026, which is growth of 20.8 per cent over the same month a year earlier. Option B is the trap, and a well-made one: 3.58 million tonnes is NMDC's sales figure for the same month, up 5.6 per cent over the year. Production and sales are reported side by side in the release, so a candidate who reads only the first number he sees will answer wrongly. Options A and D do not appear in the release. Two further figures belong with this answer: for April to August of the financial year, production stood at 23.23 million tonnes and sales at 18.72 million tonnes. The release also notes that the Kirandul, Bacheli and Donimalai mines each recorded their highest August production so far, which is itself a likely question.

Read the full article: Steel Sector Grows in April-August 2026; NMDC Sets August Record

Q1.EconomyHard

Which of the following is NOT among the Top 7 steel producers named by the Ministry of Steel?

  1. A.SAIL
  2. B.NMDC
  3. C.RINL
  4. D.JSW Group
Show answer

Correct answer: B. NMDC

Explanation

The correct answer is NMDC. The review names the Top 7 producers as SAIL, RINL, NSL, the TSL Group, AM/NS, JSL (JSPL) and the JSW Group. NMDC does appear prominently in the same document, but as an iron ore miner rather than a steel maker in that group. It mined 4.07 million tonnes of iron ore in August 2026 and sold 3.58 million tonnes, and it lit up the indurating machine at its Nagarnar pellet plant, which has a capacity of 2 million tonnes a year. Options A, C and D are all in the group. Candidates should note the distinction the Ministry itself draws between producers of crude steel and suppliers of raw material, because questions are regularly set on the composition of the Top 7 list, and the miner's name sitting in the same release is the obvious distractor to place among them.

Q2.EconomyMedium

SRTMI of India signed an MoU on iron and steel research with a body from which country?

  1. A.Canada
  2. B.Japan
  3. C.Sweden
  4. D.Germany
Show answer

Correct answer: C. Sweden

Explanation

The correct answer is Sweden. The review records that SRTMI and SWERIM of Sweden signed a memorandum of understanding to strengthen cooperation in iron and steel research, technology and innovation. The partnership will concentrate on joint research and development, green steel, decarbonisation, the circular economy, advanced steels, artificial intelligence and machine learning, digital technologies and capacity building. Option A, Canada, is the distractor that catches most candidates, because the same document notes that Glenn Purves, Deputy Minister at Global Affairs Canada, met Steel Secretary Sandeep Poundrik to discuss bilateral cooperation. That was a meeting, not an agreement. Options B and D, Japan and Germany, are major steel-making nations but find no mention here. In such questions read the verb with care: an MoU signed is a different fact from discussions held.

Q3.EconomyMedium

India-EU trade has doubled over the last decade to roughly what figure?

  1. A.USD 90 billion
  2. B.USD 140 billion
  3. C.USD 240 billion
  4. D.USD 70 billion
Show answer

Correct answer: B. USD 140 billion

Explanation

The correct answer is USD 140 billion. The Commerce and Industry Minister said India's trade with the European Union had already doubled over the last decade to nearly this figure, which is why the conclusion of the Free Trade Agreement matters so much to both sides. Option D is drawn straight from another part of the same speech, where the Minister said the semiconductor mission would collectively catalyse nearly USD 70 billion worth of investment in India, and a candidate who remembers the digits but not the context will reach for it. Option A and option C are values placed on either side of the correct one, the standard way of testing whether a figure has been learnt exactly or only approximately. Keep the economic figures from this speech separate in memory by attaching each to its own subject: trade with the EU at USD 140 billion, the FTA market at USD 24 trillion, and the target of a USD 30 trillion economy by 2047.

Q4.EconomyMedium

The Port of Antwerp-Bruges, described as a key India-Europe link, is which seaport of Europe by size?

  1. A.The largest
  2. B.The second-largest
  3. C.The third-largest
  4. D.The fifth-largest
Show answer

Correct answer: B. The second-largest

Explanation

The correct answer is the second-largest. Shri Goyal said that Belgium stands at the gateway of the opportunity created by the India-EU FTA, and noted that the Port of Antwerp-Bruges is Europe's second-largest seaport. He described it as the doorway through which the promise of the agreement would physically arrive in Europe or be dispatched to India, combining Antwerp's inland barge, rail and road networks with the seabridges, deepwater and roll-on roll-off strengths of Bruges. Belgian Prime Minister Bart De Wever, who was present, had himself called the port an important logistical link between India and Europe. Option A, the largest, is the most tempting wrong answer, because a port spoken of in such terms sounds like the biggest of all. Options C and D shift the ranking further down and are easier to reject. Rankings of this kind are favourite question material precisely because one word carries the whole fact.

Q5.EconomyEasy

According to Piyush Goyal, the India-EU FTA brings together a market of how many people?

  1. A.1 billion people
  2. B.2 billion people
  3. C.3 billion people
  4. D.1.5 billion people
Show answer

Correct answer: B. 2 billion people

Explanation

The correct answer is 2 billion people. Addressing the India-Belgium High-Level Dialogue in Mumbai, the Commerce and Industry Minister said the India-EU Free Trade Agreement brings together 2 billion people, representing a quarter of global GDP, a third of world trade and a market of USD 24 trillion. He also said the agreement had been in the making for twenty-five years before negotiations were concluded, and that all 27 European Union countries are on board and wish to complete the formalities quickly. The three wrong options are all round figures of the kind that feel plausible when a candidate remembers only that the number was large. Option D in particular is close to India's own population figure, which is why it tempts. The set of four numbers moves together and should be memorised together: two billion people, one quarter of global GDP, one third of world trade, twenty-four trillion dollars of market.