Q23 · UPPSC current affairs · 26 September 2026 · PIB · National Land Monetization Corporation NLMC

← Q22 Q24 →

Consider the following statements regarding the National Land Monetization Corporation (NLMC):1.It is a 100% Union Government-owned Special Purpose Vehicle (SPV) under the Department of Public Enterprises, Ministry of Finance.2.Its primary mandate is to acquire agricultural land for highway expansion across rural districts.Which of the statements given above is/are correct?

A 2 only
B Neither 1 nor 2
C 1 only
D Both 1 and 2

Correct answer: (c) 1 only

Explanation

Statement 1 is correct as NLMC is a 100% government-owned SPV under the Department of Public Enterprises, Ministry of Finance. Statement 2 is incorrect because NLMC's mandate is to monetize surplus/non-core land and building assets of Central Public Sector Enterprises (CPSEs), not acquire agricultural land for highways.

Same topic · past papers

UPSC has asked this before

These previous-year questions sit on the same topic. Open one to practise the earlier ask.

  1. 2024 · Q46 · UPPGS

    Consider the following statements regarding Voice of Global South Summit (VOGSS): 1. India recently concluded its 2nd Voice of Global South Summit. 2. The term Global South is related to developed countries. Which of the above statements is/are correct? Select the correct answer from the code given below:

    View answer →

PDF