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EconomyMedium

When is the second and final phase of the RINL land e-auction scheduled, and how many parcels does it cover?

  1. A.27 October 2026, covering 150 parcels
  2. B.30 October 2026, covering 216 parcels
  3. C.13 October 2026, covering 366 parcels
  4. D.30 November 2026, covering 216 parcels

Correct answer

B. 30 October 2026, covering 216 parcels

Explanation

The correct answer is 30 October 2026, covering 216 parcels. After the response to the first phase, the second and final phase was rescheduled to that date, with bidding open from 11 in the morning until 5 in the evening, and it offers the land parcels left unsold from the first round. Option A mixes up two dates and two counts: 27 October 2026 is the last day for bidders to complete their registration, not the auction day, and 150 is the number of plots already sold in the first phase. Option C names the day the first-phase result was announced and attaches a figure drawn from the bid value of 366.33 crore rupees. Option D keeps the correct parcel count but moves the auction a month later, which the announcement does not support. Intending buyers were advised to study plot details, reserve prices and eligibility conditions on the official portal before the deadline.

Read the full article: NLMC's First End-to-End E-Auction Sells 150 RINL Land Plots

Q1.EconomyMedium

How much did day one of NLMC's first end-to-end e-auction of RINL land parcels fetch in successful bids?

  1. A.312.48 crore rupees
  2. B.366.33 crore rupees
  3. C.180.50 crore rupees
  4. D.216.00 crore rupees
Show answer
Correct answer: B. 366.33 crore rupees

Explanation

The correct answer is 366.33 crore rupees. On the first day of the auction, 150 plots belonging to Rashtriya Ispat Nigam Limited were sold and the winning bids together came to 366.33 crore rupees. Option A, 312.48 crore rupees, is the aggregate reserve price of the plots offered, that is the floor below which bids were not accepted; the gap between the two figures gives the average premium of 17.23 per cent that the ministry highlighted. Option C is a distractor built out of the highest rate recorded in the sale, which crossed 1.80 lakh rupees per square yard, a per-unit price and not a total. Option D borrows the number of land parcels left for the second phase, which is 216, and dresses it up as money. The auction was run by the National Land Monetization Corporation under the Department of Public Enterprises, with bidding held on RailTel's E-Nivida platform.

Q2.EconomyEasy

Which public sector company's surplus land was offered in the e-auction conducted by NLMC in October 2026?

  1. A.Steel Authority of India Limited
  2. B.Rashtriya Ispat Nigam Limited
  3. C.RailTel Corporation of India
  4. D.Hindustan Shipyard Limited
Show answer
Correct answer: B. Rashtriya Ispat Nigam Limited

Explanation

The correct answer is Rashtriya Ispat Nigam Limited, the corporate entity that operates the Visakhapatnam Steel Plant. Its premium land parcels in Visakhapatnam were put up for sale by the National Land Monetization Corporation, and 150 plots were sold on day one for 366.33 crore rupees. Option A, Steel Authority of India Limited, is another steel producer in the public sector but had no role in this auction. Option C, RailTel, did take part in the exercise, though not as the owner of the land: its E-Nivida platform hosted the online bidding, while Quikr India Private Limited served as transaction consultant. Option D, Hindustan Shipyard Limited, is a public enterprise also based in Visakhapatnam, which makes it a plausible choice, but the land belonged to the steel company. Before bidding, outreach meetings were held in Visakhapatnam, Vijayawada and Hyderabad during September 2026.

Q3.EconomyMedium

What was the average number of coal rakes supplied to power houses per day in September 2026?

  1. A.397 rakes
  2. B.443 rakes
  3. C.116 rakes
  4. D.480 rakes
Show answer
Correct answer: B. 443 rakes

Explanation

The correct answer is 443 rakes. Indian Railways raised its domestic coal supply to power stations during September 2026, moving an average of 443 coal rakes every day. Option A, 397 rakes, is the daily average for September 2025 and so is the comparison figure rather than the current one; the move from 397 to 443 rakes a day works out to growth of 11.6 per cent. Option C, 116, is a distractor built from that growth rate of 11.6 per cent and is not a rake count at all. Option D, 480 rakes, does not appear anywhere in the report. Coal rake supply matters because thermal power stations depend on rail haulage for the bulk of their fuel, and stock building before the winter months is tracked closely. Overall loading for the month stood at 135.35 million tonnes, up 6.14 per cent, with coal loading itself growing 9 per cent.

Q4.EconomyMedium

Which commodity recorded the highest percentage growth in rail freight loading in September 2026?

  1. A.Coal
  2. B.Clinker
  3. C.Food grain
  4. D.Iron ore
Show answer
Correct answer: C. Food grain

Explanation

The correct answer is food grain, whose loading grew 25 per cent during September 2026, the steepest rise among the commodity groups listed by the Ministry of Railways. Option B, clinker, came second with growth of 20 per cent, so it is high but not the highest; clinker is the intermediate product used to make cement, and its movement tracks construction demand. Option A, coal, grew 9 per cent in the month, a modest rate in percentage terms even though coal remains the largest single commodity hauled by the railways by volume. Option D, iron ore, grew 5.2 per cent, the slowest of the groups named in the report, just below finished steel at 5.5 per cent and mineral oil at 6 per cent. Domestic container traffic grew 10 per cent and the balance other goods category 8.2 per cent, which shows growth spread across both bulk and containerised cargo.

Q5.EconomyEasy

How much freight did Indian Railways load in September 2026?

  1. A.127.52 million tonnes
  2. B.135.35 million tonnes
  3. C.833.7 million tonnes
  4. D.143.70 million tonnes
Show answer
Correct answer: B. 135.35 million tonnes

Explanation

The correct answer is 135.35 million tonnes. The Ministry of Railways reported that loading in September 2026 reached 135.35 million tonnes, which was 6.14 per cent higher than the same month a year earlier. Option A, 127.52 million tonnes, is the loading recorded in September 2025 and therefore serves as the base against which the growth was measured, not the current figure. Option C, 833.7 million tonnes, is the cumulative loading for the six months from April to September 2026, a half-year figure that grew 4.1 per cent over the corresponding period of the previous year, so it cannot be a single month's total. Option D is an invented figure that appears in no part of the report. Along with tonnage, freight earnings for the month were higher by 1,266 crore rupees than in September 2025, a growth of 9.3 per cent, while loading of food grain rose 25 per cent and clinker 20 per cent.