What is the total financial outlay of the Capex Support Scheme to Promote Critical Mineral Processing approved by the Union Cabinet?
- A.Rs 1,814 crore
- B.Rs 2,814 crore
- C.Rs 3,814 crore
- D.Rs 4,814 crore
Correct answer
Explanation
The correct answer is Rs 2,814 crore. The Union Cabinet, chaired by the Prime Minister, approved the Capex Support Scheme to Promote Critical Mineral Processing with exactly this outlay, spread across five years from FY 2026-27 to FY 2030-31. The money pays a capital subsidy of 30 per cent of eligible investment for four processing plants, two for lithium and two for nickel, so the outlay has to accommodate caps of Rs 500 crore for a lithium beneficiary and Rs 900 crore for a nickel beneficiary. Option A, Rs 1,814 crore, understates the sanction and would not stretch across four plants at those caps. Option C, Rs 3,814 crore, and option D, Rs 4,814 crore, both overstate it; no larger amount was cleared for this scheme. Aspirants should tie the figure to the administering ministry, the Ministry of Mines, and to the five-year window of the scheme.
Read the full article: Cabinet Clears Rs 2,814 Crore Critical Mineral Capex Scheme
Practice Questions
Under the scheme, what is the minimum capacity prescribed for each nickel processing plant?
- A.30 kt
- B.40 kt
- C.50 kt
- D.60 kt
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The scheme funds four critical mineral processing plants in all. Two of them process nickel and each must have a minimum capacity of 50 kt, while the other two process lithium and each must have a minimum capacity of 30 kt.
Read the full explanation →How are beneficiaries selected under the Capex Support Scheme to Promote Critical Mineral Processing?
- A.By lottery among all applicants
- B.Technical qualification followed by financial bidding, on the least-cost criterion
- C.First-come, first-served registration on a portal
- D.Nomination by the respective State governments
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Selection runs in two stages. In the first, applications are examined for technical qualification, and only applicants who clear that stage may take part in the second stage of financial bidding.
Read the full explanation →As stated at the launch, the population of India aged 60 years and above is projected to reach what level by 2036?
- A.15 crore
- B.19 crore
- C.23 crore
- D.30 crore
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The Minister said that the number of people aged sixty and above in the country is projected to grow from roughly ten crore at the time of the last census year he cited to this figure by the middle of the next decade, and he used the projection to explain…
Read the full explanation →Which of the following is NOT one of the five Cs of the Vayo Samman Rashtriya Abhiyan?
- A.Connect
- B.Converse
- C.Celebrate
- D.Contribute
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The campaign is built on five words beginning with the letter C, namely Connect, Converse, Co-create, Contribute and Continue, so options A, B and D are all genuine parts of it and cannot be the answer.
Read the full explanation →The Vayo Samman Rashtriya Abhiyan has been launched under which umbrella scheme?
- A.Atal Vayo Abhyuday Yojana
- B.Atal Pension Yojana
- C.Rashtriya Vayoshri Yojana
- D.Integrated Programme for Older Persons
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The campaign for intergenerational bonding was launched under this umbrella scheme of the Ministry of Social Justice and Empowerment, and the Union Minister described it as a meeting of the experience of elders and the energy of the young.
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