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With reference to the Khanij Bidesh India Ltd, consider the following statements:
1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.
2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.
1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.
2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to the Khanij Bidesh India Ltd, consider the following ...
India, through a newly-floated state-owned company, inked a pact with an Argentine firm mid-last year to jointly prospect lithium in the South American country that has the third-largest reserves of lithium.
- The new company, Khanij Bidesh India Ltd was incorporated in August 2019 by three state-owned companies, NALCO, Hindustan Copper and Mineral Exploration Ltd, with a specific mandate to acquire strategic mineral assets such as lithium and cobalt abroad
- It is also learnt to be exploring options in Chile and Bolivia, two other top lithium-producing countries.
- Lithium, the silver-white alkali metal is a crucial building block of the lithium-ion rechargeable batteries that power electric vehicles (EVs), laptops and mobile phones.
- Currently, India is heavily dependent on import of these cells and the move to ink sourcing pacts for lithium is seen as another salvo in the front against China, a key source of both the raw material and cells.
Most Upvoted Answer
With reference to the Khanij Bidesh India Ltd, consider the following ...
Explanation:
1. Khanij Bidesh India Ltd:
- Khanij Bidesh India Ltd (KABIL) was incorporated by three state-owned firms, NALCO, Hindustan Copper, and Mineral Exploration Ltd., in August 2019.
- The formation of KABIL was a strategic move by the Indian government to ensure a consistent supply of critical and strategic minerals for the country's industries.
2. Objective of KABIL:
- The main objective of KABIL is to acquire overseas strategic mineral assets such as lithium and cobalt.
- These minerals are essential for the development of high-tech industries such as electric vehicles, renewable energy, and consumer electronics.
Conclusion:
- Both statements are correct. Statement 1 highlights the formation of KABIL by three state-owned firms, while statement 2 outlines the objective of KABIL to acquire overseas strategic mineral assets like lithium and cobalt.
1. Khanij Bidesh India Ltd:
- Khanij Bidesh India Ltd (KABIL) was incorporated by three state-owned firms, NALCO, Hindustan Copper, and Mineral Exploration Ltd., in August 2019.
- The formation of KABIL was a strategic move by the Indian government to ensure a consistent supply of critical and strategic minerals for the country's industries.
2. Objective of KABIL:
- The main objective of KABIL is to acquire overseas strategic mineral assets such as lithium and cobalt.
- These minerals are essential for the development of high-tech industries such as electric vehicles, renewable energy, and consumer electronics.
Conclusion:
- Both statements are correct. Statement 1 highlights the formation of KABIL by three state-owned firms, while statement 2 outlines the objective of KABIL to acquire overseas strategic mineral assets like lithium and cobalt.
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With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Khanij Bidesh India Ltd, consider the following statements:1. It was incorporated by three state-owned firms, NALCO, Hindustan Copper and Mineral Exploration Ltd., in August 2019.2. It is intended to acquire overseas strategic mineral assets such as lithium and cobalt.Which of the statements given above is/are correct? a)1 only b)2 only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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