What is the estimated annual saving to consumers from the revised prices of anti-cancer medicines?
- A.Rs 1,364 crore
- B.Rs 2,540.38 crore
- C.Rs 3,540.38 crore
- D.Rs 679 crore
Correct answer
Explanation
The correct answer is Rs 3,540.38 crore. That is the yearly saving the National Pharmaceutical Pricing Authority expects consumers to make once the reduced maximum retail prices of the anti-cancer formulations are in force from 9 November 2026. The figure follows from the price cuts reported by eighty-five companies, among which 679 brands became cheaper by more than half and the single largest reduction was 96.45 per cent. Option B puts the saving a thousand crore lower and is simply not the amount the authority has estimated. Options A and D borrow the counts 1,364 and 679 from the same decision and dress them up as rupee amounts: 1,364 is the number of formulations whose revised prices were reported, and 679 is the number of brands whose price fell by over half, so neither is a saving in crore of rupees.
Read the full article: NPPA Cuts MRP of 1,364 Anti-Cancer Formulations from 9 November
Practice Questions
Revised maximum retail prices have been reported for how many anti-cancer formulations, which came into effect on 9 November 2026?
- A.137
- B.1,364
- C.121
- D.679
Show answer
As on 8 November 2026, eighty-five pharmaceutical companies had reported revised maximum retail prices for 1,364 anti-cancer formulations, and those prices came into force on 9 November 2026.
Read the full explanation →Which authority capped the trade margins on the maximum retail price of 137 anti-cancer drugs?
- A.Central Drugs Standard Control Organisation
- B.Food Safety and Standards Authority of India
- C.National Pharmaceutical Pricing Authority
- D.Directorate General of Health Services
Show answer
The NPPA works under the Department of Pharmaceuticals in the Ministry of Chemicals and Fertilizers, and it is the body that capped trade margins on the retail prices of 137 anti-cancer drugs, with the revised rates applying from 9 November 2026.
Read the full explanation →What was the highest reduction in the maximum retail price reported for an anti-cancer medicine?
- A.50 per cent
- B.67.45 per cent
- C.85 per cent
- D.96.45 per cent
Show answer
The correct answer is 96.45 per cent, the steepest cut in a maximum retail price reported to the National Pharmaceutical Pricing Authority after it capped trade margins on anti-cancer drugs.
Read the full explanation →What was the theme of the 14th India Chem 2026 held in Mumbai?
- A.Advantage Bharat: An Emerging Global Chemicals Hub
- B.Chemicals for a Viksit Bharat
- C.Green Chemistry, Green Growth
- D.Make in India, Mix in India
Show answer
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.
Read the full explanation →Which of the following is NOT one of India's three operational Petroleum, Chemicals and Petrochemicals Investment Regions?
- A.Dahej in Gujarat
- B.Paradeep in Odisha
- C.Visakhapatnam-Kakinada in Andhra Pradesh
- D.Haldia in West Bengal
Show answer
India has three operational PCPIRs: Dahej in Gujarat, Visakhapatnam-Kakinada in Andhra Pradesh and Paradeep in Odisha. Haldia is not among them, so option D is the exception.
Read the full explanation →