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Consider the following statements regarding ‘National Land Monetisation Corporation’
  1. It is set up as a public private partnership with Government retaining management control
  2. NLMC will own, hold, manage and monetise surplus land and building assets of CPSEs
  3. It comes under the Ministry of Corporate Affairs
Select the correct statement/s given above
  • a)
    1 and 2 only 
  • b)
    2 only 
  • c)
    1 and 3 only 
  • d)
    All the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements regarding ‘National Land Monet...
Statement Analysis:
Statement 1
Incorrect

NLMC was first proposed in the Union Budget 2021-22. NLMC will be set up as a wholly-owned Government of India company.
Statement 2
Correct

NLMC will own, hold, manage and monetise surplus land and building assets of CPSEs under closure and surplus non-core land assets of Government-owned CPSEs under strategic disinvestment.
Statement 3
Incorrect

NLMC will be under the administrative jurisdiction of the Department of Public Enterprise, Ministry of Finance. NLMC’s initial authorized share capital will be ₹5000 crores and paid-up share capital is ₹150 crore
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Consider the following statements regarding ‘National Land Monetisation Corporation’ It is set up as a public private partnership with Government retaining management control NLMC will own, hold, manage and monetise surplus land and building assets of CPSEs It comes under the Ministry of Corporate AffairsSelect the correct statement/s given abovea)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)All the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Consider the following statements regarding ‘National Land Monetisation Corporation’ It is set up as a public private partnership with Government retaining management control NLMC will own, hold, manage and monetise surplus land and building assets of CPSEs It comes under the Ministry of Corporate AffairsSelect the correct statement/s given abovea)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)All the aboveCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding ‘National Land Monetisation Corporation’ It is set up as a public private partnership with Government retaining management control NLMC will own, hold, manage and monetise surplus land and building assets of CPSEs It comes under the Ministry of Corporate AffairsSelect the correct statement/s given abovea)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)All the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding ‘National Land Monetisation Corporation’ It is set up as a public private partnership with Government retaining management control NLMC will own, hold, manage and monetise surplus land and building assets of CPSEs It comes under the Ministry of Corporate AffairsSelect the correct statement/s given abovea)1 and 2 onlyb)2 onlyc)1 and 3 onlyd)All the aboveCorrect answer is option 'B'. Can you explain this answer?.
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