The National Land Monetization Corporation was set up following an announcement in which Union Budget?
- A.Union Budget 2019-20
- B.Union Budget 2020-21
- C.Union Budget 2021-22
- D.Union Budget 2023-24
Correct answer
Explanation
The correct answer is the Union Budget 2021-22. The National Land Monetization Corporation was established pursuant to an announcement made in that budget, and it has since become the government's specialised institution for monetising surplus land and other non-core assets. It is a wholly owned company of the Government of India, placed under the administrative control of the Department of Public Enterprises in the Ministry of Finance, and it supports transactions through professional advisory work, due diligence, valuation and transparent, competitive monetisation processes. The budgets named in options A, B and D, that is 2019-20, 2020-21 and 2023-24, did not create this corporation, though asset monetisation featured in government policy across several of those years. For an examination, pair the corporation with the budget year and with its parent department, since questions often test one against the other.
Read the full article: IMG Clears Monetisation Plans Worth Over Rs 1,100 Crore
Practice Questions
Who chairs the Inter-Ministerial Group that recommends asset monetisation proposals?
- A.The Secretary, Department of Public Enterprises
- B.The Cabinet Secretary
- C.The Secretary, Department of Telecommunications
- D.The Union Finance Minister
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The Inter-Ministerial Group on asset monetisation is chaired by that officer, while the Secretary of the Department of Telecommunications, named in option C, is its co-chair; a candidate who remembers only that both departments are involved can easily swap the two roles.
Read the full explanation →Under which department does the National Land Monetization Corporation function?
- A.Department of Public Enterprises, Ministry of Finance
- B.Department of Land Resources
- C.Ministry of Housing and Urban Affairs
- D.NITI Aayog
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The National Land Monetization Corporation is a wholly owned company of the Government of India under that department's administrative control, which is also why the Secretary of the same department chairs the Inter-Ministerial Group on asset monetisation.
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.
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