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EconomyEasy

To what level was the rice sale target under the Open Market Sale Scheme (Domestic) for 2026-27 raised in November 2026?

  1. A.25 LMT
  2. B.36 LMT
  3. C.50 LMT
  4. D.75 LMT

Correct answer

C. 50 LMT

Explanation

The correct answer is 50 LMT. The Government of India doubled the target quantity of rice to be sold through e-auctions under OMSS (D) for 2026-27, from 25 LMT to 50 LMT. The reason is visible in the sales figures: up to 31 October 2026 the full original quantity of 25 LMT had already been sold to private parties, against only 11 LMT in the matching period of the previous financial year. Option A, 25 LMT, is the old target, and also the amount already sold, so it is a natural trap. Option B, 36 LMT, and Option D, 75 LMT, do not match the revised target. The decision came with other steps to calm rice prices: weekly stock disclosure, stock limits in five southern states and extra Bharat Rice for NAFED, NCCF and Kendriya Bhandar.

Read the full article: OMSS (D) Rice Sale Target Doubled to 50 LMT for 2026-27

Q1.EconomyEasy

Under the order of 6 November 2026, on which day of the week must rice and paddy stockists update their stock positions on the Food Stock Portal?

  1. A.Monday
  2. B.Wednesday
  3. C.Friday
  4. D.Saturday
Show answer
Correct answer: C. Friday

The order directs traders and wholesalers, retailers, big chain retailers and processors or millers in every State and Union Territory to disclose their rice and paddy stocks every Friday on the Food Stock Portal, under six categories: Basmati rice, non-Basmati premium rice, non-Basmati rice, parboiled rice, broken rice and paddy.

Q3.EconomyMedium

What was the theme of the 14th India Chem 2026 held in Mumbai?

  1. A.Advantage Bharat: An Emerging Global Chemicals Hub
  2. B.Chemicals for a Viksit Bharat
  3. C.Green Chemistry, Green Growth
  4. D.Make in India, Mix in India
Show answer
Correct answer: A. Advantage Bharat: An Emerging Global Chemicals Hub

The 14th edition of India Chem was organised in Mumbai from 22 to 24 October 2026 as a three-day event aimed at drawing investment and promoting sustainable growth in chemicals and petrochemicals.