The National Land Monetization Corporation (NLMC) functions under which of the following?
- A.Ministry of Steel
- B.Ministry of Commerce and Industry
- C.Department of Public Enterprises, Ministry of Finance
- D.NITI Aayog
Correct answer
Explanation
The correct answer is the Department of Public Enterprises, Ministry of Finance. NLMC is a wholly government-owned company under that department, and its mandate is to spot, assess, ready and place in the market the surplus land and buildings held by central public sector enterprises and other government bodies.
Option A, the Ministry of Steel, is tempting because the land being sold belongs to Rashtriya Ispat Nigam Limited, which runs the Visakhapatnam Steel Plant; but the owner of the asset and the body conducting the sale are different. Option B, the Ministry of Commerce and Industry, handles trade and industrial policy and had no part in this sale. Option D, NITI Aayog, is the Centre's policy think tank and does not own or auction public assets.
Read the full article: NLMC Phase II RINL Land Auction Fetches Rs 218 Crore
Practice Questions
How much was raised in the second phase of the RINL land e-auction concluded on 3 November 2026?
- A.Rs 184.81 crore
- B.Rs 218 crore
- C.Rs 366.33 crore
- D.Rs 584.33 crore
Show answer
The second phase of the land sale run by the National Land Monetization Corporation closed at Visakhapatnam on 3 November 2026, and the 114 parcels that found buyers brought in bids worth Rs 218 crore in all.
Read the full explanation →How many RINL land parcels have been sold across both phases of the e-auction so far?
- A.114
- B.150
- C.264
- D.284
Show answer
The first phase, held on 12 October 2026, placed 150 parcels, and the second phase on 3 November 2026 placed another 114, so the two rounds together account for 264 parcels sold for Rs 584.33 crore against a combined reserve price of Rs 497.29 crore.
Read the full explanation →What was the highest successful bid price recorded in Phase II of the RINL land e-auction?
- A.Rs 1.80 lakh per square yard
- B.Rs 182,650 per square yard
- C.Rs 218,000 per square yard
- D.Rs 150,000 per square yard
Show answer
In the same round, the steepest margin over an individual plot's floor price came to 67.65 per cent.
Read the full explanation →Which Economic Census is to be carried out under the Economic Census component of VISTAR?
- A.6th Economic Census
- B.7th Economic Census
- C.8th Economic Census
- D.9th Economic Census
Show answer
It forms the third component of VISTAR and will be undertaken by MoSPI together with the States and Union Territories.
Read the full explanation →How many surveys will MoSPI conduct under VISTAR during the 16th Finance Commission cycle?
- A.43
- B.49
- C.59
- D.69
Show answer
Under the component called Comprehensive Statistical Operations and Strengthening of Ecosystem, the ministry proposes to conduct 59 surveys during the 16th Finance Commission cycle.
Read the full explanation →