The National Land Monetization Corporation (NLMC) functions under the administrative control of which department?
- A.Department of Public Enterprises, Ministry of Finance
- B.Department of Land Resources, Ministry of Rural Development
- C.Department of Economic Affairs, Ministry of Finance
- D.Ministry of Housing and Urban Affairs
Correct answer
Explanation
The correct answer is the Department of Public Enterprises in the 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. Option B is wrong because the Department of Land Resources deals with land records and watershed programmes in rural areas, not with the sale of surplus public property. Option C is wrong because the Department of Economic Affairs frames macroeconomic and budgetary policy and does not administer NLMC, even though both sit in the same ministry. Option D is wrong because the housing ministry handles urban development and housing programmes; the Prayagraj flats are being sold by NLMC, not by that ministry. The announcement of the Prayagraj e-auction itself came through the Ministry of Finance.
Read the full article: NLMC to E-Auction 11 Government Flats in Prayagraj
Practice Questions
How many government residential flats has NLMC offered for e-auction in Prayagraj?
- A.Five
- B.Nine
- C.Eleven
- D.Fifteen
Show answer
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.
Read the full explanation →On which date is the NLMC e-auction of the Prayagraj flats scheduled?
- A.5 November 2026
- B.20 November 2026
- C.7 December 2026
- D.11 December 2026
Show answer
The correct answer is 11 December 2026, when the online auction will run from 11 in the morning to 5 in the evening on a digital auction platform.
Read the full explanation →Which requirement for claiming incentive has been discontinued in the new round of PLI-MD?
- A.The minimum sales threshold
- B.The export obligation
- C.The domestic value addition norm
- D.The employment guarantee
Show answer
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.
Read the full explanation →How many target segments does the medical devices PLI scheme have?
- A.Two
- B.Three
- C.Four
- D.Six
Show answer
Applicants may set up plants in any of four target segments: medical consumables, disposables and implants; critical components; high-end devices whose domestic manufacture is still at an early stage; and high-end devices that are at present only assembled in the country.
Read the full explanation →What is the approximate outlay available under the fresh round of the medical devices PLI scheme?
- A.Rs 1,200 crore
- B.Rs 2,700 crore
- C.Rs 5,000 crore
- D.Rs 10,000 crore
Show answer
That is the amount the Department of Pharmaceuticals said would be used for the new round of the scheme, which has been extended to 2035-36 and is being described as PLI-MD 2.0.
Read the full explanation →