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Consider the following statements:
1. National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry.
2. NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
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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Consider the following statements:1. National Land Monetization Corpor...
Statement 1: National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry.
Statement 2: NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
The correct answer is option C, i.e., both statements 1 and 2 are correct.
Explanation:
Introduction:
The National Land Monetization Corporation (NLMC) is a proposed entity that aims to monetize surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies. The creation of NLMC is seen as a significant step toward unlocking the value of underutilized or unutilized land and buildings owned by the government.
Statement 1: National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry.
The statement is correct. The NLMC is proposed to be set up under the administrative jurisdiction of the finance ministry. This implies that the finance ministry will oversee the operations, functioning, and decision-making of the NLMC.
Statement 2: NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
The statement is correct. The primary objective of the NLMC is to undertake the monetization of surplus land and building assets owned by Central Public Sector Enterprises (CPSEs) and other Government agencies. This means that the NLMC will identify, assess, and facilitate the process of selling or leasing out these assets to interested parties, including private enterprises.
Conclusion:
Both statements 1 and 2 are correct. The National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry, and its primary role will be to monetize surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies. This is expected to generate revenue for the government and promote efficient use of these assets.
Statement 2: NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
The correct answer is option C, i.e., both statements 1 and 2 are correct.
Explanation:
Introduction:
The National Land Monetization Corporation (NLMC) is a proposed entity that aims to monetize surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies. The creation of NLMC is seen as a significant step toward unlocking the value of underutilized or unutilized land and buildings owned by the government.
Statement 1: National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry.
The statement is correct. The NLMC is proposed to be set up under the administrative jurisdiction of the finance ministry. This implies that the finance ministry will oversee the operations, functioning, and decision-making of the NLMC.
Statement 2: NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.
The statement is correct. The primary objective of the NLMC is to undertake the monetization of surplus land and building assets owned by Central Public Sector Enterprises (CPSEs) and other Government agencies. This means that the NLMC will identify, assess, and facilitate the process of selling or leasing out these assets to interested parties, including private enterprises.
Conclusion:
Both statements 1 and 2 are correct. The National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry, and its primary role will be to monetize surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies. This is expected to generate revenue for the government and promote efficient use of these assets.
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Consider the following statements:1. National Land Monetization Corporation (NLMC) will be set up under the administrative jurisdiction of the finance ministry.2. NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.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 'C'. Can you explain this answer?
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