With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

UPSC Exam > UPSC Questions > With reference to the coal auction, consider ...

With reference to the coal auction, consider the following statements:

1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.

2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.

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?

Join for Free

Join for Free

Most Upvoted Answer

With reference to the coal auction, consider the following statements:...

Union Cabinet has approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.

The Cabinet Committee on Economic Affairs approved the following:

Offering of all the non-linkage coal by coal companies through one e-auction window of CIL (CIL) / Singareni Collieries Company Limited (SCCL).
This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.
The above will be subject to CIL / SCCL meeting the coal linkage requirements against existing linkages and do not impact the current linkages to power and non-power consumers at contracted prices.
Coal offered through the single e-auction window shall be transport mode agnostic with default option being through Rail mode. However, coal may be lifted by the consumers through the road mode/other modes depending upon their choice and suitability without paying any additional charges or discount to the coal companies.
Long term allotment of coal by CIL/SCCL, without affecting the supplies against existing coal linkages, to their own gasification plants shall be allowed at prices as may be decided by the coal company. However, the taxes, duties, royalty etc shall be paid by the coal companies on the notified prices of coal for power sector.

Major impact:

Market distortions would be removed and single rate for all the consumers will evolve in the e-auction market. It shall increase operational efficiencies and lead to an increase in domestic coal demand by efficiency in domestic coal market.

Hence both statements are correct.

Answered by Notes Wala · View profile

View all answers Start learning for free

Explore Courses for UPSC exam

Similar UPSC Doubts

With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.Which of the statements given above is/are correct?

View answer

With reference to the Electricity (Amendment) Bill 2022, consider the following statements:1. Section 42 of the Electricity Act will be amended to allow ‘non-discriminatory open access’ to the distribution network, allowing private companies to supply electricity provided they get a license.2. Section 14 of the Electricity Act has also been proposed to be amended, allowing private companies to use distribution networks built by public sector electricity companies, enabling competition and enhancing the efficiency of power supply across the country.Which of the statements given above is/are correct?

View answer

With reference to Limited Liability Partnership (LLP), consider the following statements: Under LLP structure, every partner is liable, jointly with all the other partners for all acts of the firm done while he is a partner. LLP will have lesser flexibility as compared to a company regulated under Companies Act 2013. Which of the statements given above is/are correct?

View answer

Consider the following statements with reference to the Asset Reconstruction Companies (ARCs):1. They are specialized financial institutions that purchase bad debts of a bank and recover those debts by itself.2. They are registered under the Reserve Bank of India (RBI) and regulated under the SARFAESI Act, 2002.Which of the statements given above is/are correct?

View answer

With reference to the PD1 blockades, consider the following statements:1. It is related to the treatment of cancers.2. It is a type of protein that regulates certain functions of the immune system, including by suppressing T cell activity.Which of the statements given above is/are correct?

View answer

Top Courses for UPSCView all

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Lucent for GK

History for UPSC CSE

Indian Polity for UPSC CSE

CSAT Preparation

Top Courses for UPSC

View all

With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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?

Share with a Friend

Answer this doubt

Question Description
With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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?.

Solutions for With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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?, a detailed solution for With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? has been provided alongside types of With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? theory, EduRev gives you an ample number of questions to practice With reference to the coal auction, consider the following statements:1. Union Cabinet has recently approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions.2. This e-auction will cater to all the Sectors namely Power Sector and Non Regulated Sector (NRS) including traders and coal would be offered through this auction in place of the present system of sector specific auctions.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? tests, examples and also practice UPSC tests.

Explore Courses for UPSC exam