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With reference to the 2nd Tranche of commercial coal mining, consider the following statements:
1. This is the highest number of mines on offer in a particular tranche of auction after the auction regime's commencement since 2014.
2. The coal mines on offer are only from the States of Chhattisgarh, Jharkhand and Odisha.
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 'A'. Can you explain this answer?
Verified Answer
With reference to the 2nd Tranche of commercial coal mining, consider ...
India launched its 2nd Tranche of auction for commercial coal mining offering 67 mines for sale of coal. Union Coal Minister launched the auction process.
  • This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014.
  • Out of the total 67 mines offered by the Ministry of Coal, 23 mines are under CM(SP) Act and 44 under MMDR Act.
  • The coal mines on offer are spread across 6 States Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh.
  • Government of India is moving towards adopting a ‘Rolling Auction’ mechanism for conducting future auctions.
  • Coal is the first mineral resource where Rolling Auction mechanism is being implemented in which a pool of coal blocks will always remain available for auctions.
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Most Upvoted Answer
With reference to the 2nd Tranche of commercial coal mining, consider ...
India launched its 2nd Tranche of auction for commercial coal mining offering 67 mines for sale of coal. Union Coal Minister launched the auction process.
  • This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014.
  • Out of the total 67 mines offered by the Ministry of Coal, 23 mines are under CM(SP) Act and 44 under MMDR Act.
  • The coal mines on offer are spread across 6 States Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh.
  • Government of India is moving towards adopting a ‘Rolling Auction’ mechanism for conducting future auctions.
  • Coal is the first mineral resource where Rolling Auction mechanism is being implemented in which a pool of coal blocks will always remain available for auctions.
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With reference to the 2nd Tranche of commercial coal mining, consider the following statements:1. This is the highest number of mines on offer in a particular tranche of auction after the auction regimes commencement since 2014.2. The coal mines on offer are only from the States of Chhattisgarh, Jharkhand and Odisha.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the 2nd Tranche of commercial coal mining, consider the following statements:1. This is the highest number of mines on offer in a particular tranche of auction after the auction regimes commencement since 2014.2. The coal mines on offer are only from the States of Chhattisgarh, Jharkhand and Odisha.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 2nd Tranche of commercial coal mining, consider the following statements:1. This is the highest number of mines on offer in a particular tranche of auction after the auction regimes commencement since 2014.2. The coal mines on offer are only from the States of Chhattisgarh, Jharkhand and Odisha.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. 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 2nd Tranche of commercial coal mining, consider the following statements:1. This is the highest number of mines on offer in a particular tranche of auction after the auction regimes commencement since 2014.2. The coal mines on offer are only from the States of Chhattisgarh, Jharkhand and Odisha.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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