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EconomyHard

Which of the following is correct about SAIL's crude steel production in August 2026?

  1. A.It grew by 8 per cent to 1.68 MT
  2. B.It grew by 9 per cent to 1.78 MT
  3. C.It grew by 1 per cent to 1.69 MT
  4. D.It grew by 13 per cent to 1.55 MT

Correct answer

A. It grew by 8 per cent to 1.68 MT

Explanation

The correct answer is that crude steel production grew by 8 per cent to 1.68 MT, against 1.55 MT in the corresponding period last year. The other options are all real numbers from the same release attached to the wrong product, which is the standard trap in a question built on a production table. Option B belongs to hot metal, which rose 9 per cent to 1.78 MT from 1.63 MT. Option C belongs to saleable steel, which rose 1 per cent to 1.69 MT from 1.66 MT. Option D mixes the sales growth rate of 13 per cent with the previous year's crude steel figure of 1.55 MT, producing a statement in which both halves are drawn from the release yet the whole is false. The way to hold the table is by the order of the three products and the falling growth rates: hot metal at 9 per cent, crude steel at 8 per cent, saleable steel at 1 per cent, all of them best-ever August figures for the company.

Read the full article: SAIL Posts Best-Ever August Output and 13% Sales Growth

Q1.EconomyMedium

What were SAIL's total sales in August 2026?

  1. A.1.654 million tonnes
  2. B.1.871 million tonnes
  3. C.7.71 million tonnes
  4. D.1.69 million tonnes
Show answer

Correct answer: B. 1.871 million tonnes

Explanation

The correct answer is 1.871 million tonnes. The release states that SAIL achieved double digit year-on-year growth in overall sales volumes in August 2026, with total sales at this level, registering a rise of 13 per cent over the corresponding period last year. Option A is the figure for the corresponding period last year, and a hurried reader who picks the first number in the sentence will land on it, so read such sentences to the end before choosing. Option C is the cumulative sales figure for the wider April to August 2026 period, which carried growth of 5.6 per cent, and it belongs to a different time span altogether. Option D is the saleable steel production figure for August 2026 and belongs to the production table, not the sales table. The discipline this question rewards is separating production from sales and separating the month from the five-month period. Cash collections in the same month grew by 23 per cent year on year.

Q2.EconomyMedium

By how much did SAIL reduce its borrowings from the 31.03.2026 level?

  1. A.Rs 560 crore
  2. B.Rs 870 crore
  3. C.Rs 1,230 crore
  4. D.Rs 770 crore
Show answer

Correct answer: B. Rs 870 crore

Explanation

The correct answer is Rs 870 crore. The release records that during August 2026 SAIL further strengthened its financial position by reducing borrowings by this amount from the level of 31.03.2026. Option A, option C and option D are all constructed from digits that appear elsewhere in the same release, which is exactly how an examiner builds a distractor for a numbers question: the growth in cumulative sales was 5.6 per cent, rail supplies to Indian Railways were 1.23 lakh tonnes, and cumulative April to August sales were 7.71 million tonnes. A student who has read the release once will recognise every one of those figures and may pick the familiar shape rather than the correct fact. Attach each number firmly to its own head: borrowings to Rs 870 crore, railway supplies to 1.23 lakh tonnes, and cumulative sales to 7.71 million tonnes. SAIL comes under the Ministry of Steel.

Q3.EconomyEasy

Which ministry releases India's monthly merchandise and services trade data?

  1. A.Ministry of Finance
  2. B.Ministry of Commerce and Industry
  3. C.Ministry of Statistics and Programme Implementation
  4. D.Ministry of Corporate Affairs
Show answer

Correct answer: B. Ministry of Commerce and Industry

Explanation

The correct answer is the Ministry of Commerce and Industry, which issued these estimates for the month and for the cumulative period of the financial year. Option A is wrong because the finance ministry handles taxation, expenditure and the budget rather than the monthly trade release, although it does publish revenue collections. Option C is wrong because the statistics ministry brings out national income and labour force data, not the export and import bulletin. Option D is wrong because corporate affairs deals with company law and registration. One more caution is worth remembering with this release: the services figures for the latest month are an estimate, since the released data for that sector covers only the previous month, and the earlier months of the year have been revised using quarterly balance of payments data.

Q4.EconomyHard

Which commodity group recorded an export growth of 89.82 per cent in August 2026?

  1. A.Engineering goods
  2. B.Petroleum products
  3. C.Electronic goods
  4. D.Marine products
Show answer

Correct answer: C. Electronic goods

Explanation

The correct answer is electronic goods, whose exports in the month climbed from 2.93 billion dollars a year earlier to 5.55 billion dollars, a jump the release lists first among the drivers of merchandise export growth. Option A is wrong; engineering goods did grow, but at a far smaller rate, rising from 9.87 billion dollars to 12.32 billion. Option B is wrong as well; petroleum products grew strongly in the month, yet their rate was lower than that of electronics. Option D is wrong because marine products appear only in the longer list of commodity groups with positive growth and are nowhere near the top. The lesson for an aspirant is to attach the highest growth rate of the month to electronics, and to remember that the release names the drivers in descending order of importance.

Q5.EconomyMedium

What is the estimated value of India's total exports of goods and services during April-August 2026-27?

  1. A.345.55 billion US dollars
  2. B.399.27 billion US dollars
  3. C.459.65 billion US dollars
  4. D.215.91 billion US dollars
Show answer

Correct answer: B. 399.27 billion US dollars

Explanation

The correct answer is 399.27 billion US dollars, the cumulative figure for merchandise and services exports taken together over the five months of the current financial year covered by the release. Option A is the same cumulative export figure for the corresponding months of the previous financial year, and it is the number against which the growth rate is worked out, so it belongs in the comparison rather than in the answer. Option C is the cumulative import figure for the current period, which is larger than exports and therefore leaves a trade deficit. Option D is merchandise exports alone, that is goods without services, and a candidate who forgets that the headline number combines both will fall for it. Fix the pair together: the export value and the growth rate that goes with it.