Q7 · UPSC current affairs · 5 October 2026 · News · Overseas Mining Assets Acquisition by Steel PSUs

← Q6 Q8 →

Consider the following statements regarding India's import dependencies in the steel sector:1.The Ministry of Steel has directed PSUs like SAIL and NMDC to explore and acquire mineral assets in foreign jurisdictions.2.India imports the vast majority of its metallurgical coking coal primarily from European nations.Which of the statements given above is/are correct?

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

Correct answer: (b) 1 only

Explanation

Statement 1 is correct as the Ministry of Steel directed SAIL and NMDC to acquire overseas mineral assets. Statement 2 is incorrect because India imports the vast majority of its metallurgical coking coal from Australia and Mozambique, not European nations.

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. 2022 · Q7 · General Studies · 2 marks

    Which of the following activities constitute real sector in the economy? 1. Farmers harvesting their crops 2. Textile mills converting raw cotton into fabrics 3. A commercial bank lending money to a trading company 4. A corporate body issuing Rupee Denominated Bonds overseas Select the correct answer using the code given below:

    View answer →

  2. 2022 · Q79 · General Studies · 2 marks

    With reference to the "Tea Board" in India, consider the following statements: 1. The Tea Board is a statutory body. 2. It is a regulatory body attached to the Minister of Agriculture and Farmers Welfare. 3. The Tea Board's Head Office is situated in Bengaluru. 4. The Board has overseas offices at Dubai and Moscow. Which of the statements given above are correct?

    View answer →

  3. 2019 · Q67 · General Studies · 2 marks

    Which of the following is issued by registered foreign portfolio investors to overseas investors who want to be part of Indian stock market without registering themselves directly?

    View answer →

  4. 2018 · Q36 · General Studies · 2 marks

    Which of the following is/are the aim/aims of "Digital India" Plan of the Government of India? 1. Formation of India's own Internet companies like China did. 2. Establish a policy framework to encourage overseas multinational corporations that collect Big Data to build their large data centers within our national geographical boundaries. 3. Connect many of our villages to the Internet and bring Wi-Fi to many of our schools, public places and major tourist centers. Select the correct answer using the code given below:

    View answer →

PDF